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

Indian markets opened the new series with Nifty hovering around the 24,000 mark, with 23,800 seen as a key support level; a break below could trigger a meaningful correction while holding above may support recovery. India VIX eased 0.073 percent to 13.60, and no stocks were under the F&O ban today. The rupee weakened 14 paise to close at 94.65 against the US dollar on Tuesday, pressured by a stronger dollar and risk-off sentiment.