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

Pre-market setup indicates the Nifty faces immediate resistance at 24,070-24,200, with support at 23,900 followed by 23,700, and choppy price action is likely. India VIX fell 6.9 percent to 13.36, signalling easing fear. FPIs were net sellers at Rs 749 crore while DIIs were net buyers, and the rupee appreciated 5 paise to close at 94.53 against the US dollar on easing West Asia tensions and falling crude prices.