Nifty IT Prediction for Tomorrow 1 June 2026: IT Rally Outlook, Key Levels and Analyst View
- May 31, 2026
- Posted by: Kunal Singla
- Category: News
The Nifty IT prediction for tomorrow on 1 June 2026 is bullish. Nifty IT surged approximately 3.2 per cent on 29 May 2026, its best single-day performance in weeks, driven by Wipro’s (+2.50%) agentic AI partnership with ServiceNow and Wipro ADR’s 18.54 per cent NYSE surge. Tech Mahindra (+4.85%), Infosys (+2.38%), HCL Technologies (+1.23%), and TCS (+1.14%) were the key gainers. GIFT Nifty at +201.5 points and Nasdaq at +0.91 per cent on 30 May 2026 extend the IT sector tailwind into 1 June 2026.
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Nifty IT Recap on 29 May 2026
- Nifty IT Close: 29,832 (+3.2%, approx) | Best Nifty 50 sector on 29 May 2026
- Top IT Gainers: TechM +4.85% | Infosys +2.38% | Wipro +2.50% | HCLTech +1.23% | TCS +1.14%
- Catalyst: Wipro-ServiceNow Agentic AI partnership | Wipro ADR +18.54% on NYSE
- Wipro Buyback: Rs 15,000 crore at Rs 250/share | Record Date: 5 June 2026
- Nasdaq (30 May 2026): 26,917.47 (+0.91%) | GIFT Nifty: 23,860.0 (+201.5 pts)
The Wipro-ServiceNow deal marks India’s entry into agentic AI at enterprise scale and triggered a sector-wide re-rating. Agentic AI, which enables AI systems to take autonomous multi-step actions rather than simply responding to prompts, is one of the fastest-growing enterprise technology trends globally in 2026. With Wipro’s buyback record date on June 5 just days away, institutional buying in Wipro creates a near-term price floor, keeping the Nifty IT prediction for tomorrow bullish through the first week of June.
Nifty IT Prediction for Tomorrow 1 June 2026
Trend: Bullish | Momentum: Strong (coming off 3.2% single-day gain)
Support 1: 29,300 | Support 2: 28,900
Resistance 1: 30,500 | Resistance 2: 31,200
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the Nifty IT prediction for tomorrow is the clearest bullish sector call for 1 June 2026. Wipro’s structural buying demand from its buyback, combined with IT sector momentum from the Nasdaq +0.91 per cent tailwind, creates a self-reinforcing positive cycle. Jaiswal flags 29,300 as the Nifty IT support floor and 30,500 as the first target for 1 June.
Key Triggers for Nifty IT on 1 June 2026
- Wipro Buyback Buying (Record Date June 5): Rs 15,000 crore buyback at Rs 250/share. Every session before June 5 sees strategic buying. Rs 200 is the institutional support floor.
- Nasdaq +0.91% on 30 May 2026: US tech strength extends Indian IT sector momentum directly.
- Infosys Gen AI Deal Pipeline: Following Wipro’s ServiceNow deal, watch Infosys commentary on its Gen AI deal wins.
- Tech Mahindra AI Positioning: TechM’s 4.85% gain on 29 May 2026 makes it the momentum leader to watch in the Nifty IT prediction for tomorrow.
Nifty IT Strategy for 1 June 2026
Buy the Dip on Wipro: Support at Rs 200 to Rs 205. Buyback at Rs 250 creates a 20 per cent premium, making every dip to the Rs 200 zone a structural buy.
Watch Infosys at Rs 1,165 Support: Infosys is the Nifty IT bellwether. A hold above Rs 1,165 on 1 June confirms the Nifty IT prediction for tomorrow remains bullish.
TechM Momentum Play: After a 4.85 per cent gain, TechM may consolidate. Enter on a pullback to Rs 1,590 to Rs 1,600 support zone.
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Conclusion
Nifty IT prediction for tomorrow 1 June 2026 is bullish. Nifty IT closed at approximately 29,832 on 29 May 2026 (+3.2%) on the Wipro ServiceNow AI deal catalyst. GIFT Nifty +201.5 pts and Nasdaq +0.91% extend the tailwind. Support at 29,300, resistance at 30,500. Ankit Jaiswal of Univest flags Wipro buyback as structural support and TechM and Infosys as the momentum leaders. This Nifty IT prediction for tomorrow is for educational purposes only.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Frequently Asked Questions
What is the Nifty IT prediction for tomorrow 1 June 2026?
Ans. Nifty IT prediction for tomorrow is bullish. Nifty IT gained approximately 3.2% on 29 May 2026 led by Wipro (+2.50%), TechM (+4.85%), and Infosys (+2.38%) on the Wipro ServiceNow AI deal. GIFT Nifty +201.5 pts and Nasdaq +0.91% extend the trend into 1 June.
Why did Nifty IT surge on 29 May 2026?
Ans. Nifty IT surged on Wipro’s expanded partnership with ServiceNow to deploy agentic AI workflows. Wipro’s ADR jumped 18.54% on NYSE overnight. Additionally, Wipro’s June 5 buyback at Rs 250/share (21% premium) triggered institutional buying.
What is the support for Nifty IT on 1 June 2026?
Ans. Nifty IT support for 1 June is at 29,300 (immediate) and 28,900 (secondary). Ankit Jaiswal of Univest identifies 29,300 as the key floor for the Nifty IT prediction for tomorrow.
Which IT stocks to watch for 1 June 2026?
Ans. Watch Wipro (support Rs 200, buyback floor), Infosys (support Rs 1,165, Gen AI momentum), Tech Mahindra (support Rs 1,590, +4.85% leader), HCL Tech (support Rs 1,720), and TCS (support Rs 3,750). These five stocks represent the Nifty IT prediction for tomorrow.
How does Wipro buyback affect Nifty IT prediction for tomorrow?
Ans. Wipro’s Rs 15,000 crore buyback at Rs 250/share with record date June 5 creates structural buying demand until the record date. Every dip to Rs 200 to Rs 205 has institutional support. This buyback floor is the key reason the Nifty IT prediction for tomorrow remains bullish.
