Nifty IT Prediction for Tomorrow 21 May 2026: Nvidia Earnings Tonight and Weekly Expiry Converge
- May 20, 2026
- Posted by: Ankit Jaiswal
- Category: News
The Nifty IT prediction for tomorrow on 21 May 2026 is the most event-driven sector analysis of the week: Nvidia’s fiscal Q1 FY27 earnings, due after the US market close tonight, will directly determine whether the Nifty IT index extends its confirmed 3.23 per cent sector gain from 19 May into a second consecutive strong session on Thursday. The Nifty IT prediction for tomorrow is further complicated by the fact that 21 May is the Nifty 50 weekly options expiry day, making Thursday a high-gamma, high-theta session where option writers will actively manage positions around key index levels.
Ankit Jaiswal, Senior Research Analyst at Univest, states that the Nifty IT prediction for tomorrow is the most straightforward binary call of the week: with 90 per cent beat probability priced by derivatives markets for Nvidia, a strong print and positive AI infrastructure guidance would trigger a gap-up opening in IT heavyweights Infosys, HCL Technologies, TechM and Wipro. Kunal Singla, Associate Director at Univest, adds that the Nifty IT prediction for tomorrow also benefits from the FOMC hawkish stance, since a stronger US Dollar inflates the rupee value of dollar-denominated IT export revenues.
Nifty IT Index: Reference Data for Nifty IT Prediction for Tomorrow
| Metric | Data (19-20 May 2026) | Signal for 21 May |
| Nifty IT Sector Gain 19 May | +3.23% (all 10 constituents up) | Strong breadth; momentum intact |
| Nifty 50 Close 20 May | 23,659 (+41 pts; intraday reversal) | Positive session absorbed FOMC pressure |
| Nvidia Earnings (Tonight) | Expected: $79B revenue, +78% YoY | Dominant overnight catalyst |
| Options Pricing Nvidia Move | 8-10% post-earnings swing | High IT sector sensitivity |
| Rupee 20 May | ~Rs 96.38/USD (near record low) | Inflates IT revenue in rupee terms |
| 21 May Expiry | Nifty 50 weekly expiry day | High gamma; volatile session |
| US Dollar (FOMC hawkish) | Strengthening | IT USD revenue tailwind |
| US Initial Jobless Claims | Releasing 21 May | Macro context for Thursday trade |
Nifty IT Prediction for Tomorrow: Nvidia Earnings Impact
Jaiswal’s Nifty IT prediction for tomorrow is structured entirely around the Nvidia earnings outcome. Nvidia dominates AI chip infrastructure, and its Q1 FY27 guidance on data centre spending will set the tone for the entire global technology sector. If Nvidia beats and guides for USD 87 billion or more in Q2 FY27 revenue (versus Wall Street consensus of USD 87 billion), the reaction would be a 3 to 5 per cent upward move in GIFT Nifty overnight, driving a strong gap-up open for Nifty IT stocks in the Nifty IT prediction for tomorrow.
In the bull scenario, Jaiswal identifies Infosys (watch above Rs 1,200) and HCL Technologies (watch above Rs 1,695) as the primary beneficiaries in the Nifty IT prediction for tomorrow. Both stocks have confirmed upward momentum from the 19 May session and are positioned to benefit from both Nvidia earnings and USD strength. TechM, which gained 4.85 per cent on 19 May as the Nifty 50’s single strongest performer, would extend gains on a positive Nvidia print in the Nifty IT prediction for tomorrow.
Nifty IT Prediction for Tomorrow: Bear Scenario
In the unlikely event that Nvidia misses expectations or provides weak guidance for Q2 FY27, the Nifty IT prediction for tomorrow turns sharply negative with a potential gap-down of 1 to 2 per cent for the sector. Singla notes that Nifty IT is the most Nvidia-correlated sector in India because market participants associate strong Nvidia performance with accelerating technology spending, which directly benefits Indian IT services companies through outsourcing contracts and AI project pipelines. Any Nvidia disappointment would create a sell-the-sector response in the Nifty IT prediction for tomorrow even if Indian IT fundamentals are unchanged.
21 May Expiry Impact on Nifty IT Prediction for Tomorrow
Thursday 21 May is the Nifty 50 weekly options expiry day. On expiry days, gamma is at maximum, meaning small index moves create disproportionately large option P&L swings. If Nvidia earnings cause a gap-up open, the Nifty IT prediction for tomorrow on expiry day creates an amplified bullish scenario where call writers face significant covering pressure if Nifty moves above the 23,800 call wall. Conversely, a Nvidia miss creates an amplified bear scenario on expiry day.
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Conclusion: Nifty IT Prediction for Tomorrow 21 May 2026
The Nifty IT prediction for tomorrow on 21 May 2026 is the week’s highest-conviction directional call, anchored entirely to Nvidia earnings tonight. A Nvidia beat (90 per cent probability) creates a gap-up bull scenario for Infosys, HCL Tech and TechM. FOMC hawkish Dollar strength adds a secondary tailwind for IT export revenue. The 21 May weekly expiry amplifies both scenarios.
Disclaimer: Investments in securities and commodities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered research analyst entity (Uniresearch Global Pvt Ltd, INH000012449). F&O and commodity trading involves significant risk. Consult a SEBI-registered advisor before investing.
FAQs
What is the Nifty IT prediction for tomorrow on 21 May 2026?
Ans. The Nifty IT prediction for tomorrow is cautiously bullish, contingent on Nvidia earnings tonight. Nifty IT gained 3.23 per cent on 19 May and has momentum. A Nvidia beat (90% probability) would drive a gap-up in IT stocks on 21 May.
Why is Nvidia important for Nifty IT prediction for tomorrow?
Ans. Nvidia’s earnings set the tone for global technology spending confidence. Strong Nvidia guidance on AI data centre capex directly benefits Indian IT companies that work on cloud, AI, and infrastructure projects. The correlation makes Nvidia the primary overnight catalyst in the Nifty IT prediction for tomorrow.
Which IT stocks should I watch on 21 May?
Ans. Ankit Jaiswal’s Nifty IT prediction for tomorrow watchlist includes Infosys (above Rs 1,200), HCL Technologies (above Rs 1,695) and TechM. TechM gained 4.85 per cent on 19 May and would lead any Nvidia-driven IT rally on Thursday. All three are watch levels, not buy recommendations.
How does the Nifty weekly expiry on 21 May affect IT stocks?
Ans. 21 May is the Nifty 50 weekly options expiry day, creating maximum gamma conditions. A Nvidia-driven gap-up on expiry day would create call writer covering pressure above 23,800, amplifying the bullish Nifty IT prediction for tomorrow. Conversely, a gap-down on expiry day accelerates the bear scenario.
Which analysts prepared the Nifty IT prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, prepared the Nifty IT prediction for tomorrow using 19 May 2026 confirmed Nifty IT sector data, Nvidia earnings consensus and the 21 May weekly expiry framework.
