The Indian stock market is poised for a muted opening on May 13, 2026, with the Gift Nifty expected to settle around 23,391. This follows two days of heavy sell-offs, leaving traders cautious due to global pressures, including a decline in the S&P 500 and rising oil prices after a higher-than-expected US inflation report. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, highlighted that the Nifty 50 index is precariously positioned at an immediate support of 23,000. If it fails to maintain this level, further selling pressure could ensue. Parekh also noted that the Bank Nifty has slipped below the crucial 54,400 support level, with potential downside targets set at 51,800 and 50,000. For intraday trading, she recommends selling Axis Bank at ₹1263 with a target of ₹1235, DLF at ₹570 with a target of ₹540, and PNB at ₹103 with a target of ₹98.