Nifty IT Prediction for Tomorrow 9 June 2026: Wipro Crash, Sector Outlook and Key Levels
- June 8, 2026
- Posted by: Kunal Singla
- Category: News
Nifty IT 28,653.55 (-1.23%) on 8 Jun. Wipro crashed -8.37% to Rs 181.76 (post-buyback). Infosys Rs 1,187.60. Support 28,300, resistance 29,000.
The Nifty IT prediction for tomorrow 9 June 2026 is bearish after the index closed at 28,653.55 (-1.23%) on 8 June 2026, with two distinct headwinds: Wipro crashed -8.37% to Rs 181.76 — its single worst session in recent months — as post-buyback record date (5 June) selling by arbitrageurs triggered massive volume of 7.51 Cr shares, and the hot US NFP at 139K jobs (vs 85K expected) strengthened the Dollar, reducing IT sector margin and revenue conversion expectations. Ankit Jaiswal and Kunal Singla at Univest provide the complete outlook for the Nifty IT prediction for tomorrow 9 June 2026.
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Market Context: 8 June 2026 Session
- Nifty 50: 23,123 (-1.04%). US NFP 139K (vs 85K expected) and West Asia conflict drove a sharp sell-off.
- India VIX: 17.09 (++8.2%). Elevated VIX increases intraday range for tomorrow.
- SBI: Rs 981.95 (+0.43%) — the only major Nifty 50 stock to close in the green today.
- FII (5 June): Net sold Rs -4,075.06 Cr. FII selling pressure continues.
- US CPI (10 June): Next key global event. A cooler reading would support recovery for tomorrow’s prediction.
Nifty IT Levels for Tomorrow 9 June 2026
| Level | Value |
|---|---|
| 8 June Close | 28,653.55 |
| 8 June High | 28,915.85 |
| 8 June Low | 28,417.70 |
| Support 1 | 28,300 |
| Support 2 | 28,050 |
| Resistance 1 | 29,000 |
| Resistance 2 | 29,200 |
| Trend | Bearish |
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Ankit Jaiswal notes that the Nifty IT prediction for tomorrow has one critical variable: Wipro. At Rs 181.76 with a session low of Rs 181.00, Wipro is near the buyback-adjusted theoretical floor. If post-buyback selling completes in today’s session and Wipro stabilises above Rs 181 tomorrow, the Nifty IT prediction for tomorrow could stage a partial bounce. If selling continues, 28,300 is the next Nifty IT support.
Kunal Singla observes that the Nifty IT prediction for tomorrow is also dependent on Infosys at Rs 1,187.60 — its low of Rs 1,176.50 today was very close to the critical Rs 1,172 support. A breach below Rs 1,172 would signal fresh institutional selling and worsen the Nifty IT prediction for tomorrow significantly.
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Conclusion
The Nifty IT prediction for tomorrow 9 June 2026 is bearish with support at 28,300 and resistance at 29,000. Wipro’s post-buyback stabilisation and Nasdaq’s overnight direction are the two key inputs. Data sourced from open public platforms — verify from official NSE/BSE sources.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Data is sourced from open public platforms including NSE and BSE and may be subject to revision. Always verify from official NSE/BSE sources before making any investment decision. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.
Frequently Asked Questions
What is the Nifty IT prediction for tomorrow 9 June 2026?
Ans. The Nifty IT prediction for tomorrow is bearish. The index closed at 28,653.55 (-1.23%) with Wipro crashing -8.37% to Rs 181.76 post-buyback. Support is 28,300 and resistance is 29,000. Hot US NFP (139K jobs) and Dollar strength are additional headwinds for IT.
Why did Wipro crash today 8 June 2026?
Ans. Wipro crashed -8.37% to Rs 181.76 (low Rs 181.00) on 8 June after the buyback record date was 5 June. Post-record date, arbitrageurs who accumulated for the Rs 250 buyback exited positions en masse, creating massive selling pressure of 7.51 Cr shares. This is a post-record technical pattern, not a fundamental deterioration.
What are Nifty IT support and resistance for tomorrow?
Ans. Nifty IT support 1: 28,300. Support 2: 28,050 (May correction low vicinity). Resistance 1: 29,000. Resistance 2: 29,200. A recovery above 29,000 is needed to signal IT sector stabilisation for the Nifty IT prediction for tomorrow.
Will Wipro recover tomorrow 9 June 2026?
Ans. Wipro’s recovery for tomorrow depends on whether post-buyback selling has been completed. The Rs 181-182 area represents a potential support from the buyback-adjusted theoretical price. A Nasdaq recovery overnight would support Wipro’s Nifty IT prediction for tomorrow.
How does US NFP affect Nifty IT prediction for tomorrow?
Ans. The hot US NFP at 139K jobs (vs 85K expected) strengthened the Dollar, which reduces the value of IT companies’ unhedged dollar revenues when converted to rupees. Additionally, higher Fed rate hike probability reduces US client spending forecasts. Both are headwinds for the Nifty IT prediction for tomorrow.
Which IT stocks are key for Nifty IT prediction for tomorrow?
Ans. Wipro (Rs 181.76, -8.37% — monitoring for post-buyback stabilisation), Infosys (Rs 1,187.60, -0.83% — near Rs 1,176 low support), TCS and HCL Tech are the primary Nifty IT drivers for tomorrow.
Is Nifty IT in a downtrend for tomorrow?
Ans. Nifty IT closed at 28,653.55 (-1.23%) and is below its 20-day and 50-day moving averages. The Wipro post-buyback crash has added a specific near-term headwind. The Nifty IT prediction for tomorrow is bearish unless Wipro stabilises near Rs 181-185 and Nasdaq recovers overnight.
What is the key risk for Nifty IT prediction for tomorrow?
Ans. Key risks: Wipro selling continuing post-record date; hot US CPI on 10 June extending Dollar strength; Infosys breaking below Rs 1,176 support; and Nasdaq further weakness from hot US macro data.
