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

Nifty found support at its rising trendline on the hourly chart, with resistance seen at 23,950 to 24,000 and intraday support at 23,700. India VIX rose 9% to 13.94, signalling a pickup in market fear. Foreign portfolio investors were net buyers at Rs 17.86 crore while DIIs bought worth Rs 680 crore; the rupee ended modestly weaker against the dollar.