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

Pre-market setup indicates a buy-on-dips near support and sell-on-rise near resistance strategy, with Nifty option chain showing highest put writing at the 24,000 strike as a key support level. India VIX fell 3 percent to 12.88, signaling reduced fear, while Kaynes entered the F&O ban list. The rupee depreciated for the fourth consecutive session, shedding 8 paise to settle at 96.33 against the US dollar on crude oil volatility and a stronger dollar amid the West Asia crisis.