Pre-market action: Here's the trade setup for today's session

Pre-market setup suggests Nifty remains bullish above the 23,800 support level, with potential to move towards 24,200 in the near term. India VIX fell 2.6 percent to 13.24, indicating reduced fear. FIIs net sold shares worth Rs 1,140 crore while DIIs were net buyers at Rs 3,159 crore. The rupee weakened to a near three-week low amid caution over US Fed commentary and US-Iran negotiations.