GIFT Nifty down 150 points; here's the trading setup for today's session

Equity markets recovered strongly on Friday after three days of losses. Geopolitical tensions and global cues will influence markets. Support is at 24,850, suggesting a 'buy on dips' strategy. India VIX decreased. Foreign investors were net buyers. The Rupee strengthened against the US dollar. FII positions in the futures market slightly reduced.