Nifty IT Prediction for Tomorrow 10 June 2026: Wipro Post-Buyback and Sector Outlook

Nifty IT 28,516.25 (-0.48%) on 9 Jun. High 28,895.30, low 28,294.60. Wipro Rs 181.67 (post-buyback). Support 28,200, resistance 28,900.

The Nifty IT prediction for tomorrow 10 June 2026 is cautiously bearish after the sector index closed at 28,516.25 (-0.48%) on 9 June 2026, underperforming the broader Nifty 50’s ++0.51% recovery by a significant margin. Despite today’s strong banking-led market rally with Bank Nifty surging ++2.09%, the Nifty IT sector failed to participate — a clear sign that sector rotation is away from IT and into banking and PSU names. The Nifty IT prediction for tomorrow hinges on the US CPI for May 2026 released at 8:30 AM ET on 10 June. April CPI was 3.8% — the highest since May 2023 — and a cool May reading would weaken the Dollar and provide IT sector relief, while a hot reading would extend the sector’s underperformance.

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Market Context: 9 June 2026 Session

• Nifty 50: 23,242.10 (+0.51%). Strong recovery from Monday sell-off.
• Bank Nifty: 55,194.50 (++2.09%). Largest single-session gain in weeks; SBI crossed Rs 1,000.
• India VIX: 15.58 (prev 17.03, -8.5%). Fear peak passed; constructive for tomorrow.
• US CPI (10 June at 8:30 AM ET): May CPI is the primary global event for tomorrow. April CPI was 3.8%.
• FII/DII (8 June): FII Rs -5,553.86 Cr; DII Rs +5,028.13 Cr. Today’s rally was DII-driven.

Nifty IT Levels for Tomorrow 10 June 2026

Kunal Singla, Associate Director at Univest, observes that the Nifty IT sector’s failure to rally today — even as Nifty gained +0.51% and Bank Nifty surged +2.09% — is a significant bearish signal. He notes that sector rotation is firmly toward banking and away from IT, and that without a cool US CPI catalyst on 10 June, the Nifty IT prediction for tomorrow will remain range-bound at best.

Ankit Jaiswal notes that the Nifty IT prediction for tomorrow is bearish unless the US CPI provides a Dollar weakness catalyst. The sector’s inability to rally even as Nifty gained ++0.51% today confirms continued institutional selling in IT stocks. Infosys at Rs 1,180.30 near its Rs 1,172 critical support is the most important individual stock level for the Nifty IT prediction for tomorrow.

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Conclusion

The Nifty IT prediction for tomorrow 10 June 2026 is cautiously bearish with support at 28,200 and resistance at 28,900. Data sourced from open public platforms — verify from official NSE/BSE sources before decisions.

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 10 June 2026?

Ans. The Nifty IT prediction for tomorrow is cautiously bearish. The index closed at 28,516.25 (-0.48%) on 9 June despite the broader market rally (++0.51%). This underperformance versus Nifty 50 continues the IT sector’s relative weakness. Support is 28,200 and resistance is 28,900. The US CPI on 10 June is the key driver — a cool CPI would reduce Dollar pressure and provide IT sector relief.

Why is Nifty IT underperforming despite market recovery on 9 June?

Ans. Nifty IT fell -0.48% today even as Nifty 50 gained ++0.51% and Bank Nifty surged ++2.09%. This continued underperformance reflects: Wipro post-buyback stabilisation near Rs 181-182 creating sector-specific drag; Dollar Index remaining elevated post-hot US NFP; and Infosys near support at Rs 1,180.30 with no recovery catalyst yet. The sector rotation today was into banking, not IT.

What are Nifty IT support and resistance for tomorrow?

Ans. Nifty IT support 1: 28,200. Support 2: 28,000-28,294.60 (today’s session low). Resistance 1: 28,900. Resistance 2: 29,000. A recovery above 28,900 would be the first stabilisation signal for the Nifty IT prediction for tomorrow.

How does US CPI affect Nifty IT prediction for tomorrow?

Ans. The US CPI for May 2026 (released 10 June at 8:30 AM ET) is the most direct global catalyst for Nifty IT prediction for tomorrow. A cool CPI below April’s 3.8% would weaken the Dollar, improving IT revenue conversion expectations and potentially triggering a relief bounce in Infosys and TCS. A hot CPI above 3.8% would extend Dollar strength and worsen the Nifty IT prediction for tomorrow.

What is Wipro’s outlook for Nifty IT prediction for tomorrow?

Ans. Wipro closed at Rs 181.67 on 9 June (near flat from Rs 181.76). The post-buyback technical floor near Rs 180-182 appears to be stabilising. For the Nifty IT prediction for tomorrow, a Wipro stabilisation above Rs 180 is a necessary (though not sufficient) condition for sector recovery. Volume of 28.37 lakh shares today shows residual selling still present.

Which IT stocks are key for Nifty IT prediction for tomorrow?

Ans. Infosys (Rs 1,180.30, -0.62%) near Rs 1,172 critical support; Wipro (Rs 181.67) near post-buyback floor; TCS and HCL Tech. A cool US CPI and Nasdaq recovery overnight are the two conditions for Nifty IT prediction for tomorrow to improve. Without these, the sector remains range-bound.

Is Nifty IT in a downtrend for 10 June 2026?

Ans. Nifty IT closed at 28,516.25 (-0.48%) and remains below its 20-DMA and 50-DMA. The sector fell from an intraday high of 28,895.30 to close near 28,516.25, showing distribution. The Nifty IT prediction for tomorrow is cautiously bearish unless the US CPI provides a Dollar-weakness catalyst.

What is the key risk for Nifty IT prediction for tomorrow?

Ans. Primary risk: hot US CPI on 10 June extending Dollar strength and reducing IT margin expectations. Secondary: Infosys breaking below Rs 1,172 support would signal fresh institutional selling. Wipro’s post-buyback selling not yet fully absorbed. These risks make Nifty IT prediction for tomorrow cautiously bearish.

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