Daily Forecast – Share Market – May 15th, 2026

Nifty may look for 23750 But Pressure on upper levels

Ketu with Sun leads the day, well supported by Mars, Rahu, Jupiter and Saturn. Lord of banks and share market is totally combust. Unable to support the market or banks. But Jupiter is supporting Precious, metals, banks, financial institutions and support to the crude oil. Which may be tough for energy purposes. Remember, lord of share market is trying to come out of the shadow of Sun. But same Ketu may also give sudden moves on either side. That means pressure on upper levels also possible.

Keep a watch on global activities. Even then Nifty may try for 23750. Since we are trading on weekend so, by the end of the day some watchful moves can be seen. Silver and Gold prices in India may remain on upper side, due to announcement from government.

Pressure of inflation may be seen on the market.

PNG marketing companies may show movements, along with dairy products, Sugar, textiles, engineering, defence, communication, automobile (based on results), midcaps and small caps may show movements. Keep a watch on petroleum marketing companies. IT is still doubtful.

Keep a watch on results of various companies. Watch steel, financial institutions, FIIs may give pressure on the market. Power may also be based on results basis. Possibly better moves can be seen.

Petroleum based companies may get movements, but indication for inflation may be seen.

Pressure on upper levels on the Nifty is possible. News from the government may further give impact on the market.

Movement in midcaps and small caps may be seen.

Indian Currency

Indian Rupee may trade in between 95.20 to 96.00 per USD.

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