Daily Forecast – Share Market – May 4th, 2026

Nifty may show cautiously positive moves | Watch Geo and local news

Trimming on upper levels possible

Ketu with Mercury leads the day, well supported by Moon, Rahu, Jupiter, Saturn and Venus. Possibly, some movements may be seen in the market, with some volatility. Impact of local political activities may be seen during the daytime. Possibly, cautiously positive movements can be seen in the share market during the trade.

Importantly, planetary positions indicates that IT segment has to change their pattern of trades. Previously they were working on head count basis. Now, only change in pattern of business, using new technology smartly.

Competition from South Korea and China are very strong to attract foreign investors. Our Indian tendency is to create wealth, whereas Korea (south) and China, they are investing in new projects. Our Local business houses were dynamic in past 30-40 years, when they were establishing new projects, companies, but now they are acquiring old established companies. So, job opportunities are not improving in private sectors (as it should have been).

Crude oil is in the better levels. Many oil exploration related nations have moved to increase their oil production. Secondly Geo-political situation may also support crude oil. This may put pressure on the crude oil prices. Hence, crude oil may show range of 104-112 USD.

Watch leaf-based segments, coffee, rubber, sugar, alcohol etc. Banks and financial institutions may play key factor for the movements. Pressure on crude oil may give support to our market.

Keep a watch on local political news and geopolitical activities.

Gold and silver may trade within range.

Nifty may look for 24150 on the upper side. Possibly cautiously positive movements. Be prepared for trimming on upper levels.

Indian Currency

Indian Rupee may trade in between 94.50 to 95.30 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.