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

Pre-market setup indicates a cautious session as India VIX surged 8 percent to 13.28, signaling rising fear among investors. The rupee depreciated 30 paise to close at 95.68 against the US dollar, pressured by elevated crude oil prices after Iran declared the Strait of Hormuz closed. Technically, Nifty needs a decisive move above 24,200 for fresh momentum, while a breach below 24,000 could weaken the bullish bias.