Nifty IT Prediction for Tomorrow, 23 July 2026: Index Falls 1.59 Percent to 28,524.90 as Infosys Deepens Its Slide
- July 22, 2026
- Posted by: Ankit Jaiswal
- Category: News
Nifty IT prediction for tomorrow 23 July 2026: index at 28,524.90, down 1.59 percent on Wednesday, its sharpest fall this week. Support 28,500. Resistance 28,915.
Nifty it prediction for tomorrow: Nifty IT closed at 28,524.90 on Wednesday, down 459.50 points or 1.59 percent, its sharpest single-day fall this week, as Infosys plunged 1.99 percent to Rs 1,052.10, deepening what is now a genuinely concerning third straight session of declines for the stock. This nifty it prediction for tomorrow is built on Friday, 10 July 2026’s closing data, the last completed session before markets reopen on Monday, 13 July 2026.
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the Nifty IT prediction for tomorrow now reflects a sector genuinely caught between two negative forces, the severe broader market risk-off tone and Infosys’s own accelerating stock-specific weakness, a combination that has produced the sector’s worst session of the entire week.
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Market Recap Behind the Nifty it prediction for tomorrow
The index opened at 28,881.95, touched a high of 28,913.35 and a low of 28,502.95 before closing at 28,524.90, extending losses through the session. Infosys fell 1.99 percent to Rs 1,052.10, its third straight sharp decline and now the sector’s clear underperformer, while TCS eased a more modest 0.58 percent to Rs 2,208.30, its own third consecutive but progressively smaller decline.
Nifty it prediction for tomorrow: Trend and Key Levels
Trend: Bearish Below 28,915
| Level Type | Value |
|---|---|
| Support 1 | 28,500 |
| Support 2 | 28,250 |
| Resistance 1 | 28,915 |
| Resistance 2 | 29,100 |
Ankit Jaiswal flags 28,500 as the key support, with 28,915 as the near-term hurdle, matching Wednesday’s open. A close above 29,100 would suggest the sector is finally stabilising, while a break under 28,250 would confirm the three-session pullback has genuine, deepening momentum.
Infosys’s Three-Session Decline Deepens Ahead of Its Own Results
Ankit Jaiswal flags Infosys’s own accelerating weakness as the key theme in the Nifty IT prediction for tomorrow: what began as modest Monday profit booking has now deepened into three consecutive sharp declines, with Wednesday’s 1.99 percent fall the steepest of the three. With the stock’s own Q1 FY27 results still pending, this pattern increasingly looks like genuine pre-results caution building rather than routine consolidation.
Key Triggers in the Nifty it prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- Whether Infosys’s decline extends into a fourth session: Would confirm genuine, deepening pre-results caution rather than a passing reaction.
- TCS’s own more contained pullback: Its progressively smaller declines suggest the sector’s weakness may be concentrating in Infosys specifically.
- Broader market risk-off tone: Any easing in the severe escalation would help the sector more broadly.
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Stocks to Watch in the IT Sector
Key IT constituents worth tracking alongside the broader sector outlook.
Infosys: Infosys fell 1.99 percent to Rs 1,052.10, its third straight and steepest decline.
TCS: TCS eased a more modest 0.58 percent to Rs 2,208.30, a progressively smaller decline.
Risks to the Nifty it prediction for tomorrow
These factors can invalidate this outlook:
- A fourth straight session of Infosys declines: Would confirm genuine, deepening pre-results caution.
- Continued severe regional escalation: A broad risk-off swing would compound the sector’s own stock-specific weakness.
- Weak results if confirmed: Any disappointing guidance when Infosys does report would extend this pullback significantly.
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Conclusion
The Nifty IT prediction for tomorrow, 23 July 2026, is bearish below 28,915, after the sector posted its worst session of the week as Infosys’s own three-session decline deepened further. Ankit Jaiswal flags 28,500 as the key support in the Nifty IT prediction for tomorrow, with whether Infosys’s weakness extends into a fourth session the key signal to watch heading into Thursday.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on the Nifty it prediction for tomorrow
What is the Nifty IT prediction for tomorrow, 23 July 2026?
Ans. The Nifty IT prediction for tomorrow, 23 July 2026, is bearish below 28,915. The index closed at 28,524.90 on Wednesday, down 1.59 percent, its sharpest fall this week.
Which analyst gave the Nifty IT prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest, has shared the Nifty IT prediction for tomorrow, flagging 28,500 as the key support level.
How severe has Infosys’s decline become?
Ans. Infosys has now fallen for three straight sessions, with Wednesday’s 1.99 percent decline the steepest of the three, a pattern the Nifty IT prediction for tomorrow reads as increasingly resembling genuine pre-results caution rather than routine consolidation ahead of its own Q1 FY27 results.
Is TCS facing the same pressure as Infosys?
Ans. Not quite; TCS eased a more modest 0.58 percent on Wednesday, its own third straight but progressively smaller decline, which the Nifty IT prediction for tomorrow notes suggests the sector’s current weakness may be concentrating more heavily in Infosys specifically.
