On May 8, 2026, the Indian equity markets experienced a downturn due to rising geopolitical concerns, particularly related to clashes between Iran and the US near the Strait of Hormuz. The Nifty 50 index fell 0.55% to close at 24,193, while the Sensex declined 0.67% to end at 77,321. Despite this, both indices recorded weekly gains of over 0.70%. Sumeet Bagadia, Executive Director at Choice Broking, noted bearish candlestick patterns indicating sustained selling pressure, with immediate support levels for the Nifty 50 between 24,000 and 24,080. He recommends five stocks for investors to consider buying on May 11: Asian Paints, Kaynes Technology India, Tata Consumer Products, VST Industries, and Radico Khaitan. Each stock shows positive technical indicators, suggesting potential upside targets and recommended stop-loss levels. For instance, Asian Paints is recommended at ₹2599.90 with a target of ₹2800, while Tata Consumer Products is advised at ₹1176.20 with a target of ₹1275. Investors are encouraged to follow disciplined risk management strategies.