Nifty prediction banner for 11 May 2026 showing Bank Nifty analysis, support and resistance levels, FII DII data, and market outlook.

Nifty Prediction for 11 May 2026: Bank Nifty & Sensex Support Levels

May 08, 2026 10 min read
Market Prediction: Nifty & Bank Nifty Targets for 11 May 2026

Market Prediction: Nifty, Bank Nifty & Sensex Targets for 11 May 2026

Prepare for Monday's trading session. After Friday's sharp fall triggered by global geopolitical tensions, discover the crucial support levels and data-driven targets.

1. Friday Market Recap: The Geopolitical Sell-off (08 May 2026)

The Indian stock market ended deeply in the red on Friday. Renewed geopolitical tensions between the US and Iran sparked a sharp rise in crude oil prices, completely changing the investor sentiment and leading to aggressive profit booking, particularly in the banking sector.

NIFTY 50

24,176.15 ▼ Down 150.50 (-0.62%)

SENSEX

77,328.19 ▼ Down 516.33 (-0.66%)

2. Market Sentiment Analysis

Due to the weekend uncertainty regarding the Middle East tensions, the immediate sentiment has shifted towards cautious and bearish. Scroll down to view the data.

3. Friday's Intraday Fall

The chart below illustrates the steady decline of the Nifty 50 index throughout Friday's session as negative global news started trickling in.

4. Institutional Selling: FII & DII Data

Foreign Institutional Investors (FIIs) pulled out significant capital due to global risk-off sentiment. DII buying provided some support but wasn't enough to halt the slide.

5. Nifty & Bank Nifty Targets for 11 May (Monday)

Monday's opening will heavily depend on weekend news. If tensions escalate, we might see a gap-down opening. Here are the crucial levels to watch.

Crucial Support and Resistance Levels
IndexKey Support (Crucial Zone)Key Resistance (Hurdle)
Nifty 5024,000 & 23,85024,300 & 24,450
Bank Nifty55,000 & 54,70055,800 & 56,100
Sensex76,800 & 76,40077,700 & 78,000

6. Frequently Asked Questions (FAQ)

Q: Why did the stock market fall so heavily on Friday (08 May)? The market fell due to fresh geopolitical tensions between the US and Iran, which caused a sudden spike in crude oil prices and triggered panic selling globally.
Q: Will the market crash on Monday (11 May)? It depends on the weekend news flow. If the geopolitical situation stabilizes, the market might bounce back from the 24,000 psychological support level. Traders should remain cautious.

MoneyBells Trading Strategy

Strategy for 11 May 2026

"Wait and Watch." Due to high geopolitical risk, avoid carrying heavy overnight positions. Let the market settle in the first 30 minutes of Monday's session before taking a trade.

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