India, April 10 -- Options traders are positioning for renewed turbulence in India's stock market as diplomatic friction threatens to undermine a fragile US-Iran ceasefire.

A day before high-stakes negotiations in Pakistan, NSE data from Thursday revealed a surge in option selling. The activity suggests the Nifty 50 will face stiff resistance at the 24,000 mark, while downside support is expected to hold between 23,000 and 23,500 through Tuesday.

The market's caution follows a volatile session where the Nifty 50 fell 0.9% to close at 23,775.10 points, and the S&P BSE Sensex dropped 1.2% to 76,631.65. The decline retraced a portion of Wednesday's 4% rally, which had been sparked by President Trump's announcement of a two-week pause in ho...