Indian Stock Market Outlook for May 18: Nifty 50 and Sensex Predictions
Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 18 May

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The Indian stock market, including the Sensex and Nifty 50 indices, is expected to open lower on May 18 due to weak global cues and rising crude oil prices amid the US-Iran conflict. Analysts predict a bearish trend, with the Sensex facing key support at 75,000 and the Nifty 50 at 23,250.
- 01The Sensex closed at 75,237.99, down 160.73 points or 0.21% on the previous trading day.
- 02Nifty 50 formed a bearish candlestick pattern, indicating potential weakness and resistance at 23,800.
- 03Bank Nifty dropped 418.60 points or 0.77%, signaling sustained selling pressure and key support at 53,200.
- 04A decisive break below 75,000 for the Sensex could lead to a retest of 74,500 or lower.
- 05Analysts suggest that for the Nifty 50, closing below 23,250 may trigger a deeper correction towards 23,000.
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On May 18, the Indian stock market is anticipated to open lower, influenced by global market trends and rising crude oil prices linked to the escalating conflict between the US and Iran. The Sensex, which closed at 75,237.99, is under pressure, having formed a bearish candle on the weekly charts. Analysts from Kotak Securities highlight that if the Sensex can maintain above 75,000, it may experience a pullback, with 75,800 as a crucial resistance level. Conversely, a drop below 75,000 could lead to further declines towards 74,500 or even 74,000. The Nifty 50 index also shows signs of weakness, closing at 23,643.50, and is expected to oscillate between 23,800 and 23,200 this week. A critical support level is identified at 23,250, below which a deeper correction could ensue, targeting 23,000. The Bank Nifty index ended lower at 53,710.35, with significant support at 53,200 and resistance around 54,400. Overall, market sentiment remains bearish as key indices struggle against selling pressures and technical indicators.
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Investors may face increased volatility in their portfolios, particularly if key support levels are breached.
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