There is going to be a lot of activity in the stock market in the week starting tomorrow, 11th May. Factors like fourth quarter results of companies, US-Iran tension and selling by foreign investors will decide the direction of the market. Let us understand what can happen in the market next week… Support and Resistance Support Zone: 23,936 | 23,870 | 23,820 | 23,466 | 23,335 | 22,858 Support i.e., the level where the stock or index gets support from falling down. The price does not go down easily due to increase in purchasing here. There may be a buying opportunity here. Resistance Zone: 24,380 | 24,450 | 24,480 | 24,535 | 24,646 | 24,685 Resistance i.e., the level where there is a hindrance in the stock or index going up. This happens due to increase in sales. There is hope for an uptrend after crossing the resistance zone. Note: Support and resistance levels are as per the report of Wealth View Analytics. Now 5 factors that can decide the direction of the market… 1. Global tension created by Iran-Israel war. The conflict between America and Iran continues, due to which there is instability near the Strait of Hormuz. Washington is still waiting for Tehran’s response so that peace talks can move forward. This geopolitical tension will have a direct impact on the sentiments of the Indian market. 2. Selling by foreign investors (FIIs) Foreign investors (FIIs) are continuously withdrawing money from the Indian market. Last week he sold shares worth ₹11,072 crore. So far in the month of May, this figure has reached ₹14,231 crore. So far in 2026, foreign investors have withdrawn a total of ₹ 2.06 lakh crore. Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees. 3. Quarterly results of more than 400 companies. Most of the big companies of Nifty have given their results, but now it is the turn of medium companies. More than 400 companies will declare January-March quarter results in the next six days. These include big names like Tata Motors, Bharti Airtel, Cipla, Tata Steel and Canara Bank. 4. Fluctuations in crude oil prices: Crude oil prices in the global market will play an important role in deciding the direction of the domestic market. On Friday, Brent crude closed at $ 101 per barrel. If tensions increase, oil prices will go up. This will be negative for the Indian economy and stock market. 5. Impact of global markets on India: American markets closed with gains on Friday. Nasdaq was up 1.71%. There, improvement in the shares of chip manufacturing companies and good employment figures have increased the confidence of investors. Indian markets can take cues from this bullishness of the American markets on Monday. Technical level for the next week: According to Dr. Ravi Singh, Research Head, Nifty Master Capital Services, ‘buy on dips’ strategy can be adopted in the market right now. According to him, as long as Nifty remains above 24,000, recovery is expected. On the upside, there is strong resistance at 24,500. Akash Shah, Technical Research Analyst, Choice Broking said that on the upside there is resistance at 24,500 and 24,600. At the same time, support is visible on the downside at 24,000 and 23,800. If the level of 23,800 is broken, the selling pressure may increase further. Sensex On Sensex outlook, Hitesh Taylor, Technical Research Analyst, Choice Equity, said that there is good support in the zone of 76,800-77,000. If the market falls, buying can return to this level. At the same time, resistance is visible on the upside around 78,000–78,300. Disclaimer: This article is for information only. The opinions and advice given above are of individual analysts or broking companies and not of Dainik Bhaskar. We advise investors to consult certified experts before taking any investment decision.
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Investors will keep an eye on Iran-America tension this week: 5 factors including fourth quarter results will decide the move; Resistance for Nifty at 24,500
