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Indian equity markets are poised for a massive gap-up opening on March 24, 2026, after a dramatic geopolitical shift overnight. GIFT Nifty futures surged approximately 836 points or 3.72% to 23,301, signaling one of the strongest pre-market rallies in recent weeks.

The trigger: US President Donald Trump announced a 5-day halt on military strikes against Iran, calling recent diplomatic conversations "very good and productive" on Truth Social. The ceasefire signal sent Brent crude oil crashing nearly 16% — from its intraday high of $114.43/bbl down to around $96/bbl — providing massive relief to India's inflation and current account deficit concerns.

Asian markets responded sharply positive, with Nikkei, Hang Seng, and Shanghai all rebounding. Sentiment has flipped from deep risk-off to cautiously bullish in a single session.

Nifty 50's previous close was around 23,134. A gap-up of 800+ points would push the index above the critical 23,900–24,000 resistance zone on open. Key resistance levels to watch: 23,900, 24,200, and 24,500. Immediate support on any profit booking sits at 23,400–23,500.

FIIs had been net sellers through March (MTD: -₹81,262 Cr) — a reversal or slowdown in FII selling amid crude-driven optimism could further amplify today's rally.