Indian stock markets opened on a cautious note on Monday, 18 May, 2026. Sensex nosedived 1,000 points to 74,251.22 points. Similarly, Nifty shed over 1%. Oil crosses $110 per barrel mark; rupee falls to all-time-low Additionally, crude oil has once again crossed $110 per barrel. Meanwhile, the rupee has opened 20 paise weaker against the dollar. For the first time, it has reached 96.20. Where Nifty finds support – what experts say? Support Zone: 23,466 | 23,345 | 23,320 | 22,858 | 22,780 | 22,558 Support means the level where a share or index gets support from falling further. Increased buying here prevents the price from going down easily. This could be a buying opportunity. Resistance Zone: 23,812 | 23,872 | 23,935 | 24,140 | 24,382 | 24,450 Resistance means the level where a share or index faces obstacles in moving up. This happens due to increased selling. Crossing the resistance zone raises expectations of a bullish trend. Note: Support and resistance levels are as per Wealth View Analytics report. Asian markets mixed US markets settled marginally lower on Friday Foreign investors sold shares worth ₹55,000 crore in 30 days Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees. Selling pressure may intensify if Nifty breaks 23,000 level Akash Shah, Technical Research Analyst at Choice Broking, said if Nifty breaks the 23,000 level, selling pressure could increase further. Looking at the current market conditions, traders are advised to remain disciplined and follow a strict stop-loss strategy (rule to avoid losses) amid this volatility. Post navigation India’s trade with Gulf countries falter due to Iran war:Oman comes as godsend, imports jump over 3X due to advantageous location
