Daily Forecast – Share Market – May 6th, 2026

Nifty may try for 24150 | Watch trade around closing | Watch Yarn/Textiles

Ketu holds the key for the day, well supported by all the planets. Lord of foreign lands has its impact on the market and economy. Watch global and local political news. Keep a watch on banks related segments and news. Ketu is indicating possibility of buying from lower levels may be seen. Again, all the segments may show movements from lower levels.

Nifty may try to look for 24150 or so. But remember to watch at the lower level around 23800 in coming time also. This is very deceptive period (astrology is confirming about deceptive Geo-political situation). Changes in the pattern of local politics may be seen in coming time.

IT, sea related and Pharmaceutical may give impact on the market (watch the movements with care). Midcaps and small caps may show movements in all the segments. We may see dip in crude oil prices (may be temporarily). Keep a watch on textile and specially yarn industry. IT is still dubious, because of their working pattern. China and South Korea are strong rivals of our IT industry. They are investing in R&D. FDIs are moving in both the nations. We are unable to build a platform of confidence.

Our revenues inflow from foreign lands is not as good as it was earlier. Main bread earner is suffering, and work force of that bread earner is now without job. How can we expect wonders from such Industry, which gave so much within last 40 years or so, if their trained skilled force is without job.? IT return of the nation will also be affected in coming time.

Today, banks and financial institutions, rubber, leaf based segments, seeds (like coffee), FMCG, Textiles, Yarn, petroleum marketing industry, logistics, communication (movements company wise), defence, space, aviation (like drone etc.), sugar, electronics, and many more may show movements.

Nifty may look for 24150 and be watchful for the levels of 23900. Weakness in INR is possible.

Indian Currency

Indian Rupee may trade in between 95.00 to 95.70 per USD.

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