Stock Market Today 11 May 2026: Pranit Arora Shares Nifty Levels, Stock Picks and Intraday Strategy
- May 11, 2026
- Posted by: sachet
- Category: Market
The stock market today opens with a slightly negative bias as crude oil has surged nearly 3.5 to 4 percent, driven by renewed US-Iran tensions after President Trump rejected Iran’s latest peace proposal. Pranit Arora, CEO and Co-Founder of Univest India, addressed traders in his 11 May 2026 morning video, sharing the exact Nifty support levels, key stocks to watch and what the broader market structure signals.
Before getting into today’s outlook, Pranit highlighted a big win from his 8 May morning call. Thermex surged 11.5 percent and KNS Technology closed nearly 3 percent higher during the intraday session on Friday, delivering strong gains for those who acted on the morning video picks.
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Watch Pranit Arora’s Stock Market Today Video
For the complete breakdown of today’s Nifty levels, stock-specific setups and the intraday strategy, watch Pranit Arora’s full video below. He also announces a cash dhamaka contest for the Univest community at the end of the video.
Watch on Instagram: Pranit Arora’s Market Reel
Nifty Support and Resistance Levels for the Stock Market Today
Nifty is showing a gap-down of around 200 points. Pranit Arora identifies the 23,850 to 23,900 zone as the key support range for today’s session, backed strongly by option chain data. This is where buyers are expected to step in.
- Primary Support Zone: 23,850 to 23,900 (strong option chain support)
- Critical Floor: 23,500 (as long as Nifty holds above this, the broader trend stays intact)
- Trigger for Concern: A break below 23,500 would signal deeper downside risk
Pranit’s key message for the stock market today: do not panic. Q4 FY26 results continue to come in strong across sectors. Crude-led selling is temporary. As long as Nifty stays above 23,500, the medium-term bullish structure remains valid.
Screen the best stocks aligned with today’s session on the Univest Screener.
Stocks to Watch in the Stock Market Today
MCX: Portfolio Buy on Good Q4 Results
MCX delivered strong Q4 results and Pranit Arora flags it as a structural buy. Commodity trading volumes are rising in India, which is a long-term positive for MCX’s business model. The stock may open slightly higher given the positive results, but a market-wide negative tone from crude oil could limit the gap-up. Pranit’s advice: watch for a volume-backed bounce from any dip level and add it to your long-term portfolio.
MV Photovoltaic: Buy on Dips
MV Photovoltaic was highlighted a few days ago in Pranit’s cash segment and moved up 6.5 percent on the day of the call. For the stock market today, if the stock dips, Pranit sees that as another accumulation opportunity. He continues to back MV Photovoltaic as a strong pick for patient investors.
Lupin: Hold in Portfolio After Friday’s Profit Booking
Lupin closed 3 percent lower on Friday despite delivering very good Q4 results. Pranit clarifies this is typical profit booking after a strong run, not a fundamental issue. Lupin remains a high quality company and portfolio investors should continue to hold. Do not exit based on one session’s movement.
BL: Potential Multibagger for the Next Three Years
BL closed marginally higher at plus 0.1 percent on Friday. Pranit Arora calls it one of the potential biggest multibaggers over the next three years, based on his analysis of the company’s fundamentals and growth runway. He is clear that this is his personal view, not a guarantee, and investors should do their own due diligence before acting.
Stocks to Short in Today’s Session
When crude oil prices rise sharply, three sectors take the most direct hit: airlines, paints and specialty chemicals. Pranit identifies the following as intraday sell candidates whenever they hit resistance on a crude-up day.
- Asian Paints: Higher crude raises raw material costs, directly compressing margins. Sell at resistance for intraday on a crude-up session.
- IndiGo: Aviation fuel costs surge with crude. IndiGo is among the most impacted large-cap names. Watch for selling opportunities at intraday resistance levels.
- Pidilite: Crude-linked input costs make Pidilite vulnerable on high-crude days. Look for sell setups at resistance for short intraday trades.
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Is This Still a Buy-on-Dips Market?
Yes, according to Pranit Arora. The broader market structure is not broken. Q4 results across sectors have been healthy, FII flows have been gradually stabilising, and the Nifty medium-term trend remains conditionally bullish. Crude-driven weakness is event-specific, not structural. Pranit’s advice is simple: as long as Nifty holds above 23,500, use any dip toward 23,850 to 23,900 as a buying opportunity in quality stocks rather than panicking and exiting positions.
Conclusion
The stock market today on 11 May 2026 is a session driven by crude oil volatility, not a change in the underlying trend. Pranit Arora’s key message is clear: watch the 23,850 to 23,900 support zone, do not panic above 23,500, and use stock-specific setups in MCX, MV Photovoltaic and Lupin for long-side opportunities while shorting Asian Paints, IndiGo and Pidilite at resistance for intraday trades. Watch his full video on YouTube and Instagram linked above and follow Univest for real-time alerts throughout the day.
FAQs
What is the Nifty support level for the stock market today?
Ans. In the stock market today, Pranit Arora identifies 23,850 to 23,900 as the key support zone based on option chain data. The broader floor is 23,500. As long as Nifty holds above 23,500, the medium-term trend remains intact.
Why is the market negative on 11 May 2026?
Ans. Crude oil has surged nearly 3.5 to 4 percent after Trump rejected Iran’s peace proposal, pushing Brent above $104. This has created a slightly negative tone for the market open. However, Q4 results continue to be healthy, so Pranit advises traders not to over-react to the crude-driven dip.
Which stocks did Pranit Arora recommend in today’s video?
Ans. For long positions and portfolio, Pranit recommends MCX (strong Q4 results, structural buy), MV Photovoltaic (buy on dips), Lupin (portfolio hold), and BL (potential multibagger over three years). For intraday shorts on crude-up days, he highlights Asian Paints, IndiGo and Pidilite at resistance levels.
What happened with Thermex and KNS Technology on Friday?
Ans. Both stocks were flagged in Pranit Arora’s 8 May morning video. Thermex surged 11.5 percent and KNS Technology closed nearly 3 percent higher in the intraday session on Friday, delivering strong returns for Univest subscribers who acted on the call.
Where can I watch Pranit Arora’s daily stock market analysis?
Ans. Pranit Arora shares his daily stock market today analysis on YouTube at this link and on Instagram at this reel. Subscribe to the Univest channel for daily morning market videos and stock recommendations.
Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.
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