Buy or sell stocks, May 12 -- Despite showcasing resilience against the India-Pakistan war buzz, the Indian stock market witnessed sell-off pressure on the last two sessions last week. After going off on Thursday, key benchmark indices of Dalal Street came under sharp selling pressure on Friday. The Nifty 50 crashed 265 points, or 1.1%, to close slightly above the 24,000 mark at 24,008. The BSE Sensex tumbled 880 points, or 1.10%, marking its steepest intraday fall since April 7, to settle at 79,454.

Vaishali Parekh, Vice President-Technical Research at Prabhudas Lilladher, believes that support for the Nifty 50 index has shifted to 23,800 after closing above 24,050 levels. However, the Prabhudas Lilladher expert said the key benchmark i...