24th November Market Report

Market Pulse: Bulls Hold the Fort as VIX Crushes

Date: Monday, November 24, 2025

Market Sentiment: Bullish / Consolidating

Key Theme: IT & Banking Lead the Charge amidst Low Volatility

The markets opened the week on a positive note, with major indices holding key psychological levels. The sharp drop in India VIX suggests a return of confidence and stability, though it warns of potential complacency. Below is the detailed breakdown of today’s market action.

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📊 Live Market Snapshot

1. Key Indices

Symbol	Price	Change	% Change	Live Takeaway
NIFTY 50	26,129.00	+60.85	+0.23%	Consolidating above 26,100; structure remains positive as long as 26,000 holds.
SENSEX	85,413.42	+181.50	+0.21%	Trading comfortably above 85k; lack of aggressive selling suggests underlying strength.
BANKNIFTY	59,139.05	+271.35	+0.46%	Outperforming Nifty today; 59,000 is now a rock-solid intraday support zone.
INDIA VIX	12.89	-0.73	-5.41%	Critical: Massive crush in volatility indicates option premiums are cheap; fear is dissipating.
FINNIFTY	27,677.30	+89.70	+0.33%	Tracking banking strength; approaching resistance near 27,750 zones.
MIDCPNIFTY	13,906.85	+58.25	+0.42%	Strong breadth in broader markets; approaching the psychological 14,000 barrier.

2. Sectoral Performance

Symbol	Price	Change	% Change	Live Takeaway
CNXIT	37,375.40	+490.05	+1.33%	Star Performer: Strong buying in heavyweights like INFY and TCS is driving the index higher.
CNXPSUBANK	8,445.40	+66.70	+0.80%	Continued momentum in state-owned banks; acting as a key support pillar for BankNifty.
CNXAUTO	27,557.25	+19.40	+0.07%	Flat/Muted performance; consolidation phase continues after recent moves.
CNXREALTY	903.40	-2.20	-0.24%	Slight profit booking seen at higher levels; interest rate sensitive stocks are taking a breather.
CNXMEDIA	1,439.75	-4.45	-0.31%	Weakest sector today; lack of fresh triggers is keeping the sector under pressure.

3. Top Stock Movers

Symbol	Price	Change	% Change	Live Takeaway
INFY	1,572.10	+27.10	+1.75%	Top gainer among blue chips; breakout on charts is fueling the Nifty IT rally.
HDFCBANK	1,003.95	+5.90	+0.59%	Reclaiming the ₹1,000 mark is psychologically significant; adds stability to BankNifty.
SBIN	977.40	+4.80	+0.49%	Steady accumulation seen; nearing the ₹1,000 landmark if momentum sustains.
RELIANCE	1,544.90	-1.70	-0.11%	Sleeping giant today; minor weakness is capping Nifty’s upside potential.
ULTRACEM	11,645.00	-84.00	-0.72%	Dragging the cement pack; seeing profit booking after recent outperformance.

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📝 Market Summary & Context

Technical & Fundamental Analysis

The market texture for November 24, 2025, is distinctly “Buy on Dips.” The Nifty 50 has successfully defended the 26,000 mark, bolstered by a resurgence in the IT Sector (+1.33%). Technically, the rotation from high-beta sectors into IT (Infosys and TCS) suggests a flight to quality and defensive growth. BankNifty is showing robust relative strength, with HDFC Bank reclaiming the crucial ₹1,000 level. The most significant technical development is the 5.41% drop in India VIX to 12.89. This collapse in volatility indicates that market participants are comfortable with current valuations and are not expecting any sudden adverse news.

Economic & Global Drivers

Globally, markets are entering a potentially quieter period with the US Thanksgiving holiday approaching later this week (Thursday, Nov 27). This often leads to lower volumes from FIIs (Foreign Institutional Investors) as the week progresses. However, recent global economic data suggests “cautious optimism” regarding 2025 growth, despite lingering trade tension narratives. Domestically, the wedding season in India is usually a driver for consumption (Gold, Auto, Retail), but the muted Auto and Realty indices today suggest that a lot of this demand may have already been priced in.

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🎯 Options Data Analysis: Finding Direction

1. NIFTY 50 (Spot: 26,129)

• Support: Significant Put Writing (Open Interest) is visible at the 26,000 strike, making it the immediate floor.
• Resistance: Call writing is active at 26,200.
• Direction: Range-bound to Mildly Bullish. The market is sandwiched between 26,000 and 26,200. A break above 26,200 could trigger short-covering, but the low VIX suggests the range might hold for the day.

2. BANKNIFTY (Spot: 59,139)

• Support: Massive Put build-up at 59,000. This is the “Line in the Sand” for bulls.
• Resistance: The 59,500 strike holds substantial Call OI, acting as the first hurdle.
• Direction: Bullish Bias. As long as the index stays above 59,000, the trend remains positive. The structure looks stronger than Nifty due to banking participation.

3. SENSEX (Spot: 85,349)

• Data Point: Aggressive Put writing at 85,000 confirms broad market support. The 85,500 Call strike is the immediate battleground.

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🚀 Trader’s Takeaway & Risk Management

Directional View: The trend is UP, but momentum is slow due to the low VIX.

• Strategy: Look for long entries (Call buying or Put selling) near support zones (Nifty 26,050-26,100 / BankNifty 59,000-59,050).
• Caution: Avoid chasing breakouts aggressively. With VIX this low, false breakouts are common.
• Risk: A close below BankNifty 59,000 or Nifty 26,000 invalidates the bullish thesis.

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