Stock Market Predictions for Tomorrow 21 May 2026: Nifty at 23,659, Nvidia Earnings Tonight and IT Sector in Focus

The stock market predictions for tomorrow on 21 May 2026 carry a cautiously positive tone after the Nifty 50 delivered a strong intraday reversal on Wednesday, closing at 23,659.00 and the Sensex settling at 75,318.39, both higher despite opening with major losses following hawkish FOMC minutes and climbing US Treasury yields. The tomorrow market prediction is dominated by a single overnight event that overshadows all other factors: Nvidia’s fiscal Q1 FY27 earnings, due after the US market close tonight, with Wall Street expecting approximately 79 billion US Dollars in revenue, up 78 per cent year on year, and a roughly 90 per cent probability of a beat.

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the stock market predictions for tomorrow are the most Nvidia-sensitive in India in 2026, because a positive Nvidia earnings surprise would directly trigger follow-through buying in Nifty IT stocks that already ran 3.23 per cent as a sector on 19 May. Kunal Singla, Associate Director at Univest, adds that the nifty prediction for tomorrow must account for two opposing forces: the bullish Nvidia catalyst against the continued FII net selling of Rs 2,457.49 crore on 19 May and the Rupee at a record low of 96.53 per US Dollar.

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Today’s Market Recap: Wednesday 20 May 2026

• Nifty and Sensex: The Nifty 50 closed at 23,659.00 on Wednesday, gaining 41 points from Tuesday’s close of 23,618.00, and the Sensex settled at 75,318.39. The session was a textbook intraday reversal: the market opened with major losses as the GIFT Nifty had signalled a lower open on climbing US Treasury yields, but buyers absorbed the weakness through the session to close positive. This pattern of opening weakness converting to a positive close is a constructive signal in the stock market predictions for tomorrow.
• Nifty IT Sector ran 3.23 per cent (19 May): The Nifty IT index gained 3.23 per cent on Tuesday, with all 10 of its constituents finishing in positive territory per confirmed session data. IT sector resilience has been the defining sectoral story of the current week, and tonight’s Nvidia earnings are now the critical test of whether this momentum continues into Thursday in the stock market predictions for tomorrow.
• FII and DII (19 May): FII turned net seller of Rs 2,457.49 crore on 19 May, reversing the Rs 2,642 crore net buying seen on 18 May. DII stepped in strongly, buying Rs 3,801.68 crore on 19 May, absorbing the FII selling and providing the institutional floor that kept Nifty from a deeper decline. The interplay between FII selling and DII support is the core market structure for the stock market predictions for tomorrow.

Track live Nifty levels and sector data on the Univest Screener.

Analyst Watchlist: 5 Stocks to Watch for 21 May 2026

As part of the Univest analyst stock market views for Thursday 21 May, Ankit Jaiswal and Kunal Singla have identified five stocks to monitor based on confirmed 19 May and 20 May data, overnight catalysts and fresh corporate events. These are watch levels in the stock market predictions for tomorrow and do not constitute buy or sell recommendations.

Infosys and HCL Technologies are the two IT names in today’s stock market predictions for tomorrow watchlist because Nvidia’s earnings tonight are the single biggest directional signal for Indian IT stocks in May 2026. An 8 to 10 per cent Nvidia stock move is priced by options markets, and a positive beat would directly lift sentiment for Indian IT exporters through the USD strength and AI spending acceleration narrative.

Tata Steel enters the stock market predictions for tomorrow on a contrarian basis: the company reported a 147 per cent year-on-year jump in Q4 FY26 net profit and declared a Rs 4 per share dividend, yet the stock declined 3 per cent on the results day. Jaiswal flags this as a results-day sell-the-news event that creates a catch-up opportunity in the stock market predictions for tomorrow as the dividend and profit data are absorbed by broader investors.

Zydus Lifesciences enters the stock market predictions for tomorrow on a confirmed corporate catalyst: the board approved a share buyback of Rs 1,100 crore, as confirmed by market data on 19 May. Share buybacks reduce outstanding shares, increase earnings per share and signal board confidence in intrinsic value, making Zydus Lifesciences a structurally positive watch in the stock market predictions for tomorrow.

Indian Oil Corporation (IOC) remains in the watchlist for the stock market predictions for tomorrow after reporting a significant Q4 FY26 profit surge confirmed on 19 May. Brent crude held above $110 per barrel despite the US-Iran temporary waiver proposal, confirming that structural supply disruption through the Strait of Hormuz is not yet resolved, which maintains OMC margin pressure context.

Nifty 50 Stock Market Predictions for Tomorrow 21 May 2026

Nifty Trend: Cautiously Positive; Intraday Reversal Confirms Buyer Support

Nifty Close (20 May): 23,659.00 (+41 pts from 23,618)

Key Support: 23,500 and 23,362

Key Resistance: 23,800 and 23,938

26 May Monthly Expiry: 4 sessions away from 21 May

The nifty tomorrow prediction is cautiously positive after Wednesday’s intraday reversal, where the Nifty absorbed the FOMC-driven opening weakness and closed 41 points higher at 23,659. Ankit Jaiswal notes that a market closing positive despite a negative open and hawkish macro backdrop is one of the strongest short-term bullish signals in the stock market predictions for tomorrow framework. The 23,500 put writing support and 23,800 call writing resistance remain the F&O-defined range for the tomorrow nifty prediction, with 23,659 sitting comfortably above the 23,500 floor.

The tomorrow nifty 50 prediction has a specific binary risk from tonight’s Nvidia earnings: a strong Nvidia beat with upward guidance would lift GIFT Nifty by 100 to 200 points before Thursday’s open, potentially opening Nifty above 23,800 resistance and creating a breakout scenario. A Nvidia miss or disappointing guidance would reverse the IT sector gains and create gap-down pressure in the nifty prediction tomorrow. Jaiswal’s base case in the nifty prediction for tomorrow assumes a Nvidia beat consistent with the 90 per cent probability priced by markets.

Bank Nifty Stock Market Predictions for Tomorrow

Bank Nifty (19 May close): 53,409.15 (most recent confirmed session)

Key Support: 53,000 and 52,800

Key Resistance: 53,800 and 54,000

Kunal Singla’s tomorrow market prediction on Bank Nifty is range-bound, with the 19 May confirmed close of 53,409.15 providing the technical reference for Thursday. The PSU bank structural weakness (SBI, Canara, PNB) that has persisted through the week continues to cap the upside in the Bank Nifty stock market predictions for tomorrow, while private bank resilience (Kotak, ICICI, Federal) provides intermittent support. Singla’s tomorrow share market prediction for Bank Nifty identifies 53,800 as the level where a breakout would signal genuine private bank-led recovery.

The 26 May Nifty monthly expiry is 4 sessions away from Thursday 21 May. Singla notes that with 4 sessions remaining, option writers are actively defending their positions, creating range compression between the call and put walls. The Bank Nifty 54,000 call wall and 52,500 put wall define the outer boundaries of the universe analyst stock market views for Bank Nifty into the monthly expiry.

Global Cues for Stock Market Predictions for Tomorrow 21 May 2026

• Nvidia Q1 FY27 Earnings Tonight: Nvidia reports fiscal Q1 2027 results after the US market close on 20 May. Wall Street consensus expects approximately 79 billion US Dollars in revenue (up 78 per cent year on year) and EPS of 1.77 US Dollars. Options markets are pricing an 8 to 10 per cent post-earnings move in Nvidia stock, and the implied probability of a beat is approximately 90 per cent based on derivatives market positioning. This is the single most important overnight signal for the stock market predictions for tomorrow, particularly for Nifty IT stocks that have risen 3.23 per cent as a sector this week.
• Walmart Earnings on 21 May: Walmart reports earnings on Thursday 21 May, the same day as our stock market predictions for tomorrow outlook. Walmart’s results serve as a barometer for US consumer health under persistent inflation pressure, and the market reaction will influence global equity sentiment for the second half of Thursday’s Indian session.
• US Treasury Yields Rising: The pre-market signal on 20 May noted Treasury yields climbing as the driver of the lower GIFT Nifty. Sustained elevated US yields strengthen the Dollar Index, pressure FII equity inflows to India and add headwinds to the bullish Nvidia scenario in the stock market predictions for tomorrow. The 10-year US Treasury yield crossing 4.60 per cent would be a negative signal for tomorrow nifty prediction.
• Brent Crude Above $110: Brent crude maintained above $110 per barrel even as the US considered a temporary waiver on Iranian oil sanctions. The Strait of Hormuz remains largely closed, keeping structural supply disruption intact and sustaining the crude price premium that pressures India’s trade deficit and Rupee in the nifty tomorrow prediction context.

Key Events and Triggers for Stock Market Predictions for Tomorrow

• Nvidia Earnings Gap: GIFT Nifty will reflect Nvidia’s post-earnings market reaction before Indian markets open on Thursday. Check GIFT Nifty at 8:30 AM IST on 21 May as the first pre-market signal for the stock market predictions for tomorrow direction.
• Rupee Watch: The Rupee at 96.53 per US Dollar is at a record low. RBI intervention signals (if any) at the 9:00 AM morning fix will determine whether FII selling pressure resumes on Thursday or stabilises in the market prediction for tomorrow.
• 26 May Monthly Expiry Positioning: With 4 sessions to the 26 May Nifty monthly expiry, option writers are managing the 23,500 put and 23,800 call positions actively. Any strong directional move from Nvidia reaction could break these options walls and create an amplified trending session in the stock market predictions for tomorrow.
• Tata Steel Catch-Up Watch: Tata Steel’s 147 per cent Q4 profit and Rs 4 dividend have been confirmed. Thursday will test whether the results-day sell-off reverses into accumulation as long-term investors factor in the dividend and strong earnings in the stock market predictions for tomorrow.

Sectors to Watch in Stock Market Predictions for Tomorrow

• IT Sector (Primary Watch): The IT sector is the highest-priority sector in the stock market predictions for tomorrow given Nvidia’s direct impact on AI infrastructure spending confidence. Ankit Jaiswal notes that Infosys, HCL Tech and TechM are the three names most sensitive to a positive Nvidia earnings surprise in the tomorrow nifty prediction.
• Metals and Steel (Contrarian Watch): Tata Steel’s 147 per cent Q4 profit and Rs 4 dividend versus its 3 per cent results-day decline creates a potential catch-up setup in the stock market predictions for tomorrow. Kunal Singla notes that results-day sell-offs on strong numbers in metals typically reverse within 2 to 3 sessions as the earnings quality is absorbed.
• Pharma (Defensive Positive): Pharma remains a defensive positive in the stock market predictions for tomorrow given FOMC hawkish stance strengthening the US Dollar, which benefits pharma companies with significant US generic revenue. Zydus Lifesciences, with its confirmed Rs 1,100 crore buyback, has an additional corporate catalyst that is independent of sector direction.
• OMC Energy (Brent Watch): IOC, BPCL and HPCL remain in focus in the stock market predictions for tomorrow as Brent holds above $110 despite Iran waiver talks. IOC’s confirmed Q4 profit surge is the sector’s strongest near-term fundamental anchor in the tomorrow share market prediction.

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Stock Market Prediction Strategy for Tomorrow

Ankit Jaiswal’s stock market predictions for tomorrow strategy for Thursday has four clear rules drawn from the 20 May session dynamics.

• Rule 1: GIFT Nifty at 8:30 AM Is the Day’s First Trade Signal. The Nvidia earnings reaction will be embedded in GIFT Nifty before Indian markets open. A GIFT Nifty above 23,800 confirms the Nvidia bull scenario and positions the stock market predictions for tomorrow as a break-above-resistance session. A GIFT Nifty below 23,550 signals a Nvidia disappointment and shifts the tomorrow nifty prediction to defensive mode.
• Rule 2: IT Sector Is the Lead Indicator. In the stock market predictions for tomorrow, IT stocks will open first in direction on Nvidia reaction. If Infosys and HCL Tech gap up above 2 per cent in the first 5 minutes, the broader Nifty bull scenario has momentum confirmation. If IT gaps up but gives back gains by 10:00 AM, it signals a sell-the-news dynamic in the market prediction for tomorrow.
• Rule 3: 23,659 Is Wednesday’s Reference Level. The stock market predictions for tomorrow use Wednesday’s close of 23,659 as the intraday bull-bear pivot on a closing basis. A Thursday close above 23,659 confirms the recovery continuation. A close below 23,550 would negate Wednesday’s reversal signal in the tomorrow nifty 50 prediction.
• Rule 4: DII Buying Is the Floor. DII net buying of Rs 3,801.68 crore on 19 May confirms that domestic institutions are actively accumulating on weakness. This DII buying floor makes sharp gap-downs on Nvidia miss scenario likely to be partially absorbed in the stock market predictions for tomorrow, reducing the downside from a potential Nvidia disappointment.

What Does Market Sentiment Indicate for Stock Market Predictions for Tomorrow?

Market sentiment for the stock market predictions for tomorrow is cautiously optimistic, dominated by one question: does Nvidia beat tonight? Wednesday’s intraday recovery from major opening losses to a positive close of 23,659 confirms that there is institutional buying interest at current Nifty levels, even against a backdrop of hawkish FOMC, climbing Treasury yields and Rupee at record lows of 96.53 per Dollar.

The DII buying of Rs 3,801.68 crore on 19 May is the single most important sentiment data point in the stock market predictions for tomorrow. When DIIs buy nearly Rs 3,800 crore in a single session while FIIs sell Rs 2,457 crore, it signals that domestic mutual funds and insurance companies are treating the current Nifty level of 23,659 as value. Kunal Singla observes that DII buying at this scale typically precedes index consolidation followed by upside resolution rather than fresh breakdown in the nifty prediction for tomorrow.

The contrarian signals in the stock market predictions for tomorrow come from two data points. First, FII sold Rs 2,457.49 crore on 19 May, the first net selling session after the Rs 2,642 crore net buying of 18 May, confirming that FII flows remain volatile and directionally uncertain. Second, the Rupee at 96.53 per Dollar is the weakest level ever recorded, and every further leg of Rupee depreciation increases hedging costs for FIIs and reduces the attractiveness of Indian equity returns in dollar terms. Ankit Jaiswal notes that in the Univest analyst stock market views for Thursday, the Nvidia-driven IT rally and the Rupee-driven FII selling are operating as counterweights that will produce a range-bound to mildly positive session in the stock market predictions for tomorrow absent a Nvidia miss.

Risks to Tomorrow’s Market Prediction

• Nvidia Miss or Weak Guidance: If Nvidia reports results below Wall Street consensus or gives disappointing guidance for Q2 FY27, the IT sector rally would sharply reverse in the stock market predictions for tomorrow, and the Nifty could gap down 200 to 300 points at Thursday’s open, negating Wednesday’s recovery.
• Rupee Breaks to New Record Low: The Rupee at 96.53 per Dollar is already at a historic low. Any further deterioration toward 97 would trigger fresh FII selling in financial and capital goods stocks and drag Bank Nifty below the 53,000 support in the stock market predictions for tomorrow.
• US Treasury Yields Continue Rising: Climbing US 10-year yields above 4.60 per cent would signal sustained inflation concern, Dollar strength and emerging market outflow risk that directly pressures FII buying in India in the tomorrow market prediction.
• Crude Spike Above $113: Any fresh escalation in the US-Iran conflict, renewed UAE facility attack or breakdown of the temporary sanctions waiver proposal would push Brent above $113, reversing the OMC sector positivity and creating inflation headwind signals for the Nifty in the stock market predictions for tomorrow.

Conclusion: Stock Market Predictions for Tomorrow 21 May 2026

The stock market predictions for tomorrow on 21 May 2026 are cautiously positive after Wednesday’s confirmed intraday reversal closed Nifty at 23,659.00 and Sensex at 75,318.39, absorbing FOMC pressure and opening weakness. Ankit Jaiswal’s stock market predictions for tomorrow identify Nvidia’s earnings tonight as the session’s defining event, with a beat (90 per cent probability) expected to drive IT sector continuation buying in Infosys and HCL Tech. Tata Steel’s 147 per cent Q4 profit and Zydus Lifesciences’ Rs 1,100 crore buyback are the two stock-specific catalysts in the tomorrow market prediction.

Kunal Singla’s tomorrow nifty prediction places the key range for Thursday at 23,500 support and 23,938 resistance, with the GIFT Nifty at 8:30 AM IST as the first confirmation signal of direction. The DII buying floor of Rs 3,801 crore on 19 May limits downside in the stock market predictions for tomorrow even if Nvidia disappoints, while the FII selling risk and record low Rupee cap the upside. Track live Nifty levels on the Univest Screener for Thursday’s session.

Disclaimer: Investments in securities 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). Consult a SEBI-registered financial advisor before making any investment decision.

FAQs

What are the stock market predictions for tomorrow on 21 May 2026?

Ans. The stock market predictions for tomorrow on 21 May 2026 are cautiously positive, with Nifty closing at 23,659.00 and Sensex at 75,318.39 after Wednesday’s intraday reversal. Nvidia Q1 FY27 earnings tonight are the dominant catalyst. Key support is 23,500 and resistance is 23,938 in the stock market predictions for tomorrow.

How does Nvidia earnings affect the stock market predictions for tomorrow?

Ans. Nvidia reports fiscal Q1 FY27 earnings tonight after the US close, with Wall Street expecting approximately 79 billion US Dollars in revenue. A beat (90 per cent probability priced by derivatives markets) would lift Nifty IT stocks in Thursday’s session, as Infosys, HCL Tech and TechM are directly tied to US AI infrastructure confidence. An 8 to 10 per cent Nvidia move is priced by options in the stock market predictions for tomorrow context.

What is the tomorrow nifty prediction from Univest analysts?

Ans. Ankit Jaiswal’s nifty prediction for tomorrow is cautiously positive, anchored by Wednesday’s intraday reversal close of 23,659 and Nvidia earnings upside. Kunal Singla’s tomorrow market prediction identifies 23,500 as support and 23,938 as resistance, with GIFT Nifty at 8:30 AM IST on 21 May as the first directional confirmation in the stock market predictions for tomorrow.

Which stocks are in the watchlist for stock market predictions for tomorrow?

Ans. The Univest analyst stock market views for 21 May include five watchlist stocks: Infosys and HCL Tech (Nvidia IT catalyst), Tata Steel (147% Q4 profit, Rs 4 dividend versus oversold price), Zydus Lifesciences (Rs 1,100 Cr buyback approved) and IOC (Q4 profit surge, Brent above $110). These are watch levels, not buy recommendations, in the stock market predictions for tomorrow.

What is the impact of FII selling on stock market predictions for tomorrow?

Ans. FII sold Rs 2,457.49 crore on 19 May after buying Rs 2,642 crore on 18 May, confirming volatile and directionally uncertain FII flows. The Rupee at a record low of 96.53 per Dollar adds further FII headwind. However, DII net buying of Rs 3,801.68 crore on 19 May is absorbing FII selling and providing the institutional support floor in the stock market predictions for tomorrow.