Pre Market Analysis & Global Cues | 22 May, 2026.

Global markets are looking positive again this morning. US markets closed higher overnight and most Asian markets are also trading in green. Japan and Taiwan are seeing good strength, and Gift Nifty is also showing a positive opening for Indian markets today. The biggest relief for markets right now is crude oil cooling down. Brent crude has come closer to the $104 zone after hopes increased around possible progress in US-Iran talks. Because of that, worries around oil supply disruption have reduced a bit and global markets are getting some relief. US bond yields are still at higher levels, but they have become stable for now, which is helping markets stay calm. For India, rupee movement is still important to watch. USD/INR is still near 96 against the dollar, so even with better global cues, foreign investor confidence may improve properly only if crude oil and rupee both become stable. Nifty closed near 23654 yesterday after failing to hold higher levels during the session. Today market will again test whether buyers are ready to push the index above recent resistance zones and sustain the move properly.