Quote on Markets 06th May 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher
Below the Quote on Markets 06th May 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)
Great progress has been made with Iran: Trump
Nasdaq rose 1%, while S&P 500 gained 0.8%. Both closed at fresh records. Dow Jones rose 0.7%.
While there has been no real uptick in traffic through the Strait of Hormuz, the fact that the cease-fire remains in effect was enough to temper oil prices
Nifty 24032.80
6th consecutive day inside the same narrow range.
Key Level to watch: 24,300
Close above 24,300 → Bullish trigger
Till then → Range-bound, stay patient
Trading Buy: IRCON, BIOCON & Ambuja Cement !!
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