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

Nifty technical view suggests near-term strength with potential to advance to 24,800 and immediate support placed at 24,200. India VIX fell 2.08 percent to 13.15; FPIs were net buyers at Rs 218 crore while DIIs bought shares worth Rs 504 crore on Friday. The rupee logged its sharpest weekly drop since May on elevated oil prices and strong merchant dollar demand, while Kaynes remained in the F&O ban list.