Nifty 50 and Bank Nifty Prediction for Monday May 11, 2026 — Key Levels and Global Triggers

Written Friday May 8, 2026 — based on Thursday May 8 closing data.

Thursday May 8 Closing — Real Data

• Nifty 50: 24,326.65 — down 4.30 points (-0.02%)
• Bank Nifty: 56,047.40 — up 66.35 points (+0.12%)
• Sensex: 77,844.52 — down 114 points (-0.15%)
• India VIX: Below 17 — near one-month low
• Nifty Midcap 100: Hit all-time high 62,094.40 on May 7

Nifty 50 — Monday Outlook

Our view: Cautious-positive. Range: 24,000–24,600.

• Resistance: 24,400–24,430 → 24,500–24,600 (major) → 24,601 (swing high)
• Support: 24,000 (critical — 21-DMA + 50-DMA confluence) → 23,800 → 23,600
• RSI: ~60 — positive but not overbought. MACD in buy territory.

Bank Nifty — Monday Outlook

• Close: 56,047.40 | High: 56,334.15
• Resistance: 56,334 → 56,800–57,000
• Support: 55,600 → 55,000 → 54,400

Global Triggers to Watch on Monday

Brent Crude (~$101.94/barrel): The single biggest variable. Iran is reviewing a US peace proposal. If a deal is confirmed over the weekend, Nifty could gap up 200–300 points Monday and test 24,600. If talks break down, expect a test of 24,000 support.

• FII activity: net sellers Rs 5,834.90 crore on May 7 — watch for any reversal
• HDFC Bank Q4 results — critical for Bank Nifty direction
• SBI Q4 — NIM and asset quality
• India-Pakistan border situation — tail risk, watch for any escalation

These are personal views only. Markets can move in any direction. Not trading advice.

Not investment advice. Read our Disclaimer.