Pre-Market Analysis & Global cues - 22 April, 2026

Global cues slightly weak. US markets closed in red - nothing aggressive, but enough to cool sentiment after recent strength. Asia is mixed, not showing clear direction. Gift Nifty indicating a ~120 point gap-down start. Macro side is stable: • Crude near $100 (no fresh spike) • Dollar slightly soft • No major risk trigger overnight So what’s the setup? After the recent upmove, this looks more like profit booking than panic Bias: Mildly negative / sideways Gap-down likely, but follow-through selling is not guaranteed. Watch if dips get bought again, that will decide whether trend still holds.