Nifty IT Prediction for Wednesday, 21 October 2026 (Including F&O)

This nifty it prediction for wednesday follows a Monday, 19 October 2026 session in which the Nifty IT index fell 1.28 percent to 31,516.30, giving back part of Friday's 3.92 percent gain, with Infosys down 2.63 percent and TCS down 0.17 percent.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking sector-specific triggers and F&O positioning through the Dussehra holiday, with the next trading session on Wednesday, 21 October 2026.

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What Monday Told Us

• Nifty IT closed at 31,516.30, down 1.28 percent on 19 October 2026.
• The broader Nifty 50 fell 1.11 percent, after Friday's 0.65 percent rise.
• India VIX rose 5.19 percent to 14.79.

Nifty IT Prediction for Wednesday: Key Levels

Nifty IT traded between 31,377.75 and 32,034.40 on Monday, against a previous close of 31,924.10, and settled at 31,516.30. On the downside, 31,377.75 is the first reference level to watch if the price slips further. On the upside, 31,924.10 and 32,034.40 mark the nearest resistance. Univest's analysts treat these as reference points drawn from Monday's trading range, not as targets.

Trend	Support	Resistance
Negative	31,377.75	31,924.10, 32,034.40

The table uses Monday's high, low and previous close for Nifty IT.

Key Drivers for Wednesday

• Nifty IT fell 1.28 percent to 31,516.30, with a high of 32,034.40 and a low of 31,377.75.
• Infosys fell 2.63 percent, while TCS fell only 0.17 percent after a high of 2,497.
• Quarterly results from large IT firms are the sector's main near-term trigger.

Anyone following this nifty it prediction for wednesday should keep the next session's opening range in view before reading too much into early moves.

Stocks and Triggers to Watch in the Nifty IT Space

Nifty IT fell after Friday's sharp rally, and the profit-taking looks partial because the index still holds most of the gain. The gap between Infosys and TCS shows the move was uneven.

In the F&O segment, Univest's analysts suggest watching open-interest changes near the support and resistance levels above before drawing conclusions. India VIX rose 5.19 percent to 14.79 on Monday, so option swings may stay wider into Wednesday.

Univest's analysts suggest treating this nifty it prediction for wednesday as a preparation note for Wednesday, 21 October 2026, rather than a signal that changes during the Dussehra holiday.

These are educational views, not buy calls, and each should be checked against your own risk plan before acting.

How Monday's Broader Session Unfolded

The Nifty 50 closed at 22,888.95, down 1.11 percent, with a high of 23,175.25 and a low of 22,845.00. The Sensex closed at 73,852.90, down 1.17 percent, and the Bank Nifty closed at 55,488.10, down 0.64 percent. India VIX, the market's fear gauge, rose 5.19 percent to 14.79, which points to somewhat higher expectations for near-term swings. The Monday fall followed Friday's 0.65 percent rise, with Nifty FMCG down 1.44 percent and Nifty Private Bank down 1.85 percent among the weaker groups, while Nifty PSU Bank rose 2.46 percent. The trigger for the broad fall was not independently confirmed.

This nifty it prediction for wednesday will be most useful when read alongside the support and resistance table above.

Analyst View for Wednesday

Kunal Singla suggests that the sector can hold above 31,377.75, Monday's low, with 31,924.10 the previous close to reclaim.

Ankit Jaiswal flags that after Friday's jump and Monday's partial fall, Wednesday's open will show whether profit-taking continues.

A fair reading of this nifty it prediction for wednesday is that Monday's data sets the context, while Wednesday's first hour decides how much of it carries forward.

Why This Is Written for Wednesday

Indian equity markets are closed on Tuesday, 20 October 2026, for Dussehra, so Monday's closing prices remain the last cash-market data until trading resumes on Wednesday, 21 October 2026. Treat this nifty it prediction for wednesday as a briefing to prepare for that session, not a live call that updates during the holiday.

Track the Nifty IT Space on Univest Screeners

Readers comparing views should note that this nifty it prediction for wednesday draws only on Monday's closing numbers and the factors listed here.

Risks to This Prediction

• After a 3.92 percent jump on Friday, more profit-taking is possible.
• A strong rupee or weak US demand signal could hurt IT earnings expectations.
• Global tech headlines during the holiday can gap the sector on Wednesday.

As with any nifty it prediction for wednesday, the opening minutes of Wednesday's trade will confirm or challenge the levels discussed here.

The nifty it prediction for wednesday also depends on India VIX, so a fresh rise in volatility would weaken the case made here.

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Conclusion

The nifty it prediction for wednesday leans mildly cautious into 21 October 2026, with broader Nifty 50 direction and India VIX as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Wednesday's opening trade confirms direction.

For traders, this nifty it prediction for wednesday is a framework for planning risk, with position size and stop levels left to the individual.

Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.

Frequently Asked Questions

What is the nifty it prediction for wednesday?

Ans. It is mildly cautious for 21 October 2026, after Nifty IT closed at 31,516.30 on Monday, down 1.28 percent.

Why is this a prediction for Wednesday and not for Tuesday?

Ans. Because Indian equity markets are closed on Tuesday, 20 October 2026, for Dussehra, so the next regular trading session is Wednesday, 21 October 2026.

Why did Nifty IT fall on Monday?

Ans. Nifty IT fell 1.28 percent, led by Infosys, after Friday's 3.92 percent gain. The specific trigger was not independently confirmed.

What are the key levels for Nifty IT on Wednesday?

Ans. Monday's low of 31,377.75 is the nearest support below the price, while the previous close of 31,924.10 and Monday's high of 32,034.40 are the nearest resistance.

Is this a buy or sell call?

Ans. No. This is an educational outlook from Univest's research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.