Nifty IT Prediction for Tomorrow: Key Levels and Outlook for 18 August 2026

The Nifty IT prediction for tomorrow has the technology sector index in a corrective phase after a 1.75% decline on 17 August 2026. The index opened at 31,242.40, touched a high of 31,331.20 in early trade, then sold off sharply to an intraday low of 30,722.05 before closing at 30,807.80. Ankit Jaiswal, Research Analyst at Univest, notes that the selling in Infosys (-2.51%) and TCS (-2.02%) was the primary driver and that the Nifty IT prediction for tomorrow depends on whether these stocks find buyers.

Kunal Singla, Research Analyst at Univest, observes that the Nifty IT prediction for tomorrow is affected by global technology sentiment. US Nasdaq fell 0.30% on 14 August, adding a global tech headwind to the Nifty IT prediction for tomorrow. However, Kunal Singla notes that the sharp 1.75% intraday decline has brought RSI to an oversold zone, creating the possibility of a technical bounce in the Nifty IT prediction for tomorrow if selling pressure abates.

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Today's Market Recap: Nifty IT on 17 August 2026

• Nifty IT: Fell 549.95 points (-1.75%) to close at 30,807.80. Intraday low was 30,722.05.
• Index Heavyweights: Infosys (-2.51%) and TCS (-2.02%) were the primary drags in the Nifty IT prediction for tomorrow session.
• Global Tech: Nasdaq fell 0.30% on 14 August, adding an overseas headwind to the Nifty IT prediction for tomorrow.

Nifty IT Prediction for Tomorrow: Technical Analysis

Ankit Jaiswal's Nifty IT prediction for tomorrow identifies 30,700 to 30,750 as the immediate support zone, which aligns with Monday's intraday low of 30,722.05. A sustained hold above 30,700 would suggest that the Nifty IT prediction for tomorrow is finding a floor. A break below 30,700 could accelerate the Nifty IT prediction for tomorrow decline toward 30,400, a zone of prior consolidation.

On the upside, the Nifty IT prediction for tomorrow places resistance at 31,240 to 31,330, which was Monday's opening range. Kunal Singla notes that this zone is now a key supply area in the Nifty IT prediction for tomorrow: any bounce toward this level without fresh fundamental support would likely face fresh selling. RSI on the daily chart for Nifty IT has entered oversold territory near 35, creating a potential bounce setup in the Nifty IT prediction for tomorrow.

Trend for 18 August 2026: Sideways to Bearish
Support: 30,700-30,750 | 30,400
Resistance: 31,240-31,330 | 31,500

Global Cues for Nifty IT Prediction for Tomorrow

• US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
• Asian Markets: Japan's Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
• Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.

Key Events for 18 August 2026

• Q1 FY27 results season: Multiple companies in this sector are expected to report earnings on 18 August 2026
• Global markets will set the opening tone; watch Gift Nifty futures in early morning for directional cues
• India VIX at 11.36 signals low volatility, which typically benefits range-bound strategies
• F&O open interest data and put-call ratio for August contracts are key sentiment indicators to monitor

Stocks to Watch Tomorrow

Name	CMP (Rs)	Day Change	Key Level for Tomorrow
TCS	2,313.20	-2.02%	Support: 2,310 | Resistance: 2,361
Infosys	1,139.90	-2.51%	Support: 1,130 | Resistance: 1,167
Wipro	~620	~-1.00%	Support: 615 | Resistance: 632
HCL Technologies	~1,800	~-0.80%	Support: 1,780 | Resistance: 1,830
Tech Mahindra	~1,550	~-0.50%	Support: 1,530 | Resistance: 1,575

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Strategy for Nifty IT on 18 August 2026

• Wait for Nifty IT to stabilise above 30,700 before initiating fresh long positions in the Nifty IT prediction for tomorrow
• Oversold RSI near 35 could trigger a short-covering bounce; target 31,000 to 31,100 for quick trades in the Nifty IT prediction for tomorrow
• A break below 30,700 signals further weakness in the Nifty IT prediction for tomorrow; avoid long positions below this level
• Watch US Nasdaq futures overnight as the single strongest indicator for the the nifty it outlook for 18 August direction

What Does Market Sentiment Indicate for tomorrow's nifty it forecast?

Sentiment for the Tuesday's nifty it outlook is cautiously bearish following the sharp 1.75% decline. The selling pressure was broad-based across large-cap IT stocks, suggesting institutional distribution rather than stock-specific issues. Ankit Jaiswal notes that the the index's prediction for 18 August is vulnerable to further selling if global tech stocks fail to recover overnight.

Kunal Singla observes that the oversold RSI creates a potential bounce zone for the the nifty it's 18 August prediction near 30,700. The rupee-dollar exchange rate is an important variable: a weaker rupee benefits IT earnings and could support the the sector's outlook for tomorrow even amid global headwinds. FII buying of Rs 508 Cr on 14 August suggests some institutional demand, which may help limit the downside in the the nifty it outlook for 18 August.

Risks to the tomorrow's nifty it forecast

• A continued Nasdaq sell-off overnight could push Nifty IT below 30,700 and extend the Tuesday's nifty it outlook to 30,400
• Further client budget caution from large US and European technology clients could dampen revenue guidance and weigh on the the index's prediction for 18 August
• A stronger rupee (weaker dollar) would reduce the INR realisation of IT exports and add to the bearish the nifty it's 18 August prediction
• Any negative commentary from upcoming IT sector management conferences or analyst days could deepen the selling in the the sector's outlook for tomorrow

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Conclusion

The the nifty it outlook for 18 August, 18 August 2026, is sideways to cautiously bearish after a 1.75% decline on Monday. Ankit Jaiswal's tomorrow's nifty it forecast places critical support at 30,700 and resistance at 31,240. Kunal Singla notes that an oversold RSI near 35 creates a potential bounce setup in the Tuesday's nifty it outlook if Nasdaq recovers overnight.

Traders should monitor TCS and Infosys as the leading indicators for the the index's prediction for 18 August and wait for a confirmed stabilisation before initiating fresh long positions. Download the Univest app for live Nifty IT updates and expert research.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.

Frequently Asked Questions

What is the the nifty it's 18 August prediction, 18 August 2026?

Ans. The the sector's outlook for tomorrow is sideways to bearish. The index fell 1.75% to 30,807.80 on 17 August. Support is at 30,700 to 30,750 and resistance at 31,240. Ankit Jaiswal notes the the nifty it outlook for 18 August hinges on whether Infosys and TCS find buyers at current levels.

What caused the Nifty IT decline on 17 August 2026?

Ans. Infosys fell 2.51% and TCS fell 2.02% on 17 August, driving the tomorrow's nifty it forecast into bearish territory. Kunal Singla attributes the decline to a combination of global Nasdaq weakness and domestic profit-taking after the IT sector's recent rally from August lows.

What are the Nifty IT support and resistance levels for 18 August 2026?

Ans. The Tuesday's nifty it outlook places support at 30,700 to 30,750 (Monday's low zone) and strong support at 30,400. Resistance is at 31,240 to 31,330 and stronger resistance at 31,500. These define the the index's prediction for 18 August trading range.

How does the Nasdaq affect the the nifty it's 18 August prediction?

Ans. The Nasdaq is the single most important global indicator for the the sector's outlook for tomorrow. Nifty IT tracks global tech sentiment closely because Indian IT companies earn the majority of revenue from US clients. A Nasdaq recovery overnight would strongly support a bounce in the the nifty it outlook for 18 August.

What is the trading strategy for tomorrow's nifty it forecast?

Ans. For the Tuesday's nifty it outlook, Ankit Jaiswal recommends waiting for stability above 30,700 before buying. An RSI bounce from oversold levels could target 31,000 to 31,100. Kunal Singla advises avoiding fresh short positions as the the index's prediction for 18 August is already deeply oversold on a short-term basis.