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

Indian markets face a cautious setup as India VIX surged 26 percent to 14.68, signalling rising fear among investors. The rupee tumbled 59 paise to close at 95.55 against the US dollar after the US launched fresh strikes on Iran, lifting crude oil prices and strengthening the dollar. Traders are watching whether the Nifty can hold the 23,800 support level, with a decisive break below potentially extending the corrective phase.