Sensex Prediction Today by Experts: Will Tuesday bring a technical recovery after bloodbath on Dalal Street? Technical levels to watch

Sensex Prediction for Tuesday, May 12 by experts: After a brutal 1,313-point crash on Monday, investors on Dalal Street are gearing up for a high-stakes session on Tuesday as the 30-share BSE Sensex attempts to find its footing. Stock markets fell for the third day on Monday amid rising crude oil prices after the US and Iran failed to reach a peace deal to end the war in West Asia.

The 30-share BSE Sensex tanked 1,312.91 points, or 1.70 per cent, to settle at 76,015.28. During the day, it tumbled 1,370.79 points or 1.77 per cent to 75,957.40.

The 50-share NSE Nifty dropped 360.30 points or 1.49 per cent to end at 23,815.85. In three sessions since Thursday, Nifty dropped over 2 per cent or 515 points, while Sensex has fallen by nearly 1,950 points or 2.5 per cent.

Hitesh Tailor, Technical Research Analyst at Choice Broking, said, “On 11th May 2026, the BSE Sensex closed at 76,015.28, declining sharply by -1,312.91 points (-1.70%), as weak global sentiment and heightened geopolitical concerns triggered broad-based selling pressure across the market. The index opened gap down by nearly 690 points and remained volatile during the first half of the session, witnessing both downside and recovery attempts. The Sensex touched an intraday high of 76,678.52, but failed to sustain at higher levels as aggressive selling emerged in the latter half. The index later slipped to an intraday low of 75,957.40 before finally settling near the day’s low at 76,015.28, indicating continued weakness and cautious market sentiment.”

Sector-wise, Tailor said healthcare and hospitals showed relative resilience during the session. On the other hand, heavy selling pressure was witnessed in Consumer Durables, Realty, PSU Banks, Power, Consumer Discretionary, Capital Goods, Oil & Gas, Energy, Auto, Industrials, Services, Financial Services, and Private Banks. IT and Telecom indices remained relatively subdued with limited movement amid the broader market weakness, he added.

US President Donald Trump, meanwhile, dismissed Iran's response to the latest peace proposal as 'totally unacceptable', dampening hopes of an immediate diplomatic breakthrough.

Also, Prime Minister Narendra Modi's appeal for austerity measures amplified investor concerns around forex reserves, fuel costs, and consumption outlook, analysts said.

Sensex gainers and losers on Monday, May 11

Titan, a leading jewellery and fashion accessories company, was the biggest loser among Sensex companies, dropping by nearly 7 per cent. InterGlobe Aviation, State Bank of India, Bharti Airtel, Eternal and Reliance Industries were among the major laggards.

Sensex Prediction for Tuesday, May 12 by experts

With the benchmark index Sensex currently hovering precariously near the 76,000 mark, market participants are looking to the May 12 trading session as a crucial test of whether the current ‘bearish grip’ will tighten or bring a technical recovery.

Sebi-registered analyst, Vipin Dixena said, “Sensex is witnessing increasing bearish pressure on the intraday structure, with the index decisively breaking below the 50 EMA. The recent sequence of lower highs and lower lows indicates weakening market sentiment, while repeated rejection from the 78,100 resistance area confirms strong supply at higher levels. RSI has slipped close to the oversold region, reflecting sharp momentum deterioration, though it may also hint at the possibility of a short-term relief bounce near support.”

If Sensex fails to hold the 76,000 zone, the correction can extend towards 75,500 and lower. On the upside, immediate resistance now shifts to 76,600 and only a sustained move above these levels can improve the short-term outlook. Overall, the structure remains weak, Dixena added.

Sensex Prediction for Tuesday, May 12 by Hitesh Tailor

Hitesh Tailor, Technical Research Analyst at Choice Broking, said, “From a technical standpoint, the sharp decline has weakened the near-term market structure, with the index slipping below important short-term support zones. Immediate support is now placed in the 74,700–75,000 zone, which may act as a crucial demand area in the coming sessions. On the upside, resistance is seen around 77,100–77,300, where recovery attempts are likely to face selling pressure and profit booking.”

“The near-term outlook remains cautious to negative, as persistent geopolitical uncertainty and weak sentiment continue to weigh on the market. Although some stability may emerge near support levels, volatility is expected to remain elevated. A sustained recovery above resistance levels will be required to improve the short-term outlook, while failure to hold support could trigger further weakness,” Tailor added.

Emphasising that the Centre is trying to shield people from the adverse impact of the conflict in West Asia, Prime Minister Narendra Modi on Sunday called for judicious use of fuel, postponement of gold purchases and foreign travel, among other measures, to strengthen the economy.

Addressing a rally organised by the Telangana BJP in Hyderabad, he suggested reducing petrol and diesel consumption, using metro rail services in cities, carpooling, increased use of electric vehicles (EVs), utilising railway services for parcel movement, and working from home to conserve foreign exchange amid the crisis in West Asia.

Stressing the need to conserve foreign exchange amid the crisis, Modi called for postponing gold purchases and foreign travel for one year.

Sectoral indices on Monday

Jewellery stocks faced heavy selling pressure, with Sky Gold and Senco Gold falling over 12 per cent intra-day before closing lower by over 6 per cent. Senco Gold closed 7.8 per cent lower after falling 10 per cent in the day trade.

The BSE MidCap Select index tanked 1.09 per cent and BSE SmallCap Select index declined 0.44 per cent.

Sectorally, Consumer Durables index tumbled 3.76 per cent, Realty (2.74 per cent), MidSmall Private Banks Quality Tilt (2.60 per cent), BSE PSU Bank (2.28 per cent), Consumer Discretionary (2.14 per cent) and Power (2.13 per cent). BSE Healthcare and Hospitals were the winners. A total of 2,892 stocks declined, while 1,457 advanced and 189 remained unchanged on the BSE.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,110.60 crore on Friday, according to exchange data.

On Friday, the Sensex tanked 516.33 points or 0.66 per cent to settle at 77,328.19. The Nifty dropped 150.50 points or 0.62 per cent to end at 24,176.15.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)