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

Indian benchmark indices opened flat and traded in a choppy, volatile range. Analysts suggest the index may head towards resistance at 24,500-24,600 levels. The India VIX, measuring market fear, rose 1.2% to settle at 12.16. Foreign portfolio investors and domestic institutions were net buyers of shares on Thursday. The Indian rupee closed nearly flat, blunting pressure from oil prices and corporate demand.