Nakshatra is a romantic thriller that deals with the complexities of life. It is a story that portrays different shades of colors that paint a bond of love between two completely different people. It is a story about a dreamer, whose dream is mislead by destiny, as it charges ahead to prove itself. It is a story about a dreamer who then chases, the law of love, truth, justice and destiny.
When an opportunity to write a script for a movie comes to Ajay, an aspiring script writer, he is thrilled, more by the thought of finally being able to prove himself to Jiya, the girl he loves, than the knowledge that this could very well be the beginning of a bright future in the world of celluloid.
A robbery being the main theme of the plot, Ajay works hard at getting the script right. Jiya is elated when Ajay's script is accepted and they get engaged. Things take a turn for the worse when Ajay is arrested for a crime he didn't commit. Sharad, his friend who had helped him several times in the past, promises to bail him out as soon as possible. Jiya, who has been helping Ajay clear his name, makes a surprising discovery. The fact that she now knows the identity of the killer and the mastermind behind the plot does little to ease her mind.