The Indian stock market is expected to open lower on May 11, driven by mixed signals from global markets and increasing crude oil prices after the US and Iran rejected a peace proposal. On May 8, the Sensex fell by 516.33 points (0.66%) to close at 77,328.19, while the Nifty 50 dropped 150.50 points (0.62%) to settle at 24,176.15. Analysts suggest that the Sensex has crucial support at 76,500; if it falls below this level, it could decline further to 75,900. The Nifty 50 has shown an evening star formation, indicating potential short-term exhaustion, with support at 24,000 and resistance at 24,500. The Bank Nifty also declined, closing at 55,310.55, and is expected to find support in the 54,900-54,800 range. Traders are advised to remain disciplined and implement strict stop-loss strategies due to ongoing market volatility.