Technical Analysis for 24th Nov 2025

Technical Analysis for 24th Nov 2025 

Nifty, Bank Nifty & Sensex Predictions

Indian equity markets concluded Friday's session on a cautious note, with benchmark indices ending in the red amid mixed global cues. The Nifty 50 0.06% closed at 26,068.15, down 124 points (-0.47%), while Bank Nifty 0.59% shed 480 points (-0.81%) to settle at 58,867.70. The BSE Sensex 0.47% ended at 85,231.92, losing approximately 400 points despite touching a fresh all-time high during the week. As we approach Monday's trading session on 24th November 2025, technical indicators suggest a buy-on-dips strategy remains favorable, with key support zones offering attractive entry points for traders and investors.​

The upcoming week carries additional significance as the monthly expiry for Nifty 50, Bank Nifty, and Fin Nifty falls on Tuesday, 26th November 2025, which is expected to inject heightened volatility into Monday's session. Gift Nifty futures are currently trading at 26,185, up 107 points (+0.41%), indicating a potential gap-up opening for Indian markets. However, mixed signals from global markets warrant a cautious yet optimistic approach to the trading day ahead.​

Key Observations of Friday's Market Session

Friday's trading session witnessed selling pressure across major indices, yet the underlying technical structure remains intact with bullish undertones. The Sensex achieved a significant milestone during the week by registering a new all-time high at 85,801, demonstrating the market's inherent strength despite the day's decline. Market breadth favored bears with declining stocks outnumbering advancers, while sectoral performance painted a mixed picture of market sentiment.​

Friday's Market Statistics

The Nifty 50 opened at 26,109.55 and traded in a range between 26,177.90 (high) and 26,053.40 (low) before closing at 26,068.15. The index remains comfortably positioned above its 9-day and 20-day moving averages, signaling continued bullish momentum in the medium term. The Bank Nifty opened at 59,116.70 with a day high of 59,232.15, but couldn't sustain higher levels and closed at 58,867.70. The banking index faced headwinds from weakness in major banking stocks including HDFC Bank 0.35%, ICICI Bank 0.98%, and Axis Bank 0.43%, which collectively dragged the index lower.​

Sectoral Performance Analysis

Friday's session saw distinct sectoral divergence that provides crucial insights for Monday's trading strategy. Auto sector emerged as the top performer with stocks like Maruti 1.33%, Mahindra & Mahindra 0.73%, and Tata Motors 0.75% leading the gainers list, indicating strong demand sentiment in the passenger vehicle segment. The IT sector displayed resilience with Infosys 0.25%, Tech Mahindra 1.92%, and TCS 0.09% contributing positively, though this support wasn't enough to offset broader market weakness.​

On the losing side, the FMCG sector saw mixed performance with Asian Paints 0.59%, ITC 1.07%, and Hindustan Unilever 0.32% showing strength, while the banking and financial services sector bore the brunt of selling pressure. Bajaj Finance 0.15% and Bajaj Finserv 0.11% featured among top losers, alongside weakness in metal stocks like Tata Steel 3.01% and defense stocks. This sectoral rotation suggests selective buying in defensive and growth-oriented segments while profit-booking in cyclical and financial stocks.​

Derivative Market Insights

The derivatives market data for Sensex reveals critical information about trader positioning ahead of Monday's session. Strong Put open interest (OI) accumulation at the 85,000 level indicates robust support, with Put writers expressing confidence in this zone acting as a floor for the index. Conversely, Call writing concentration at 85,500 suggests immediate resistance, though the relatively balanced Put OI at this level (18,764 contracts) indicates that a breakout above this level could trigger short covering and propel the index toward 86,000.​

The option chain analysis reveals that if Sensex manages to close above 85,500, the path toward 86,000 opens up with minimal resistance, as Call writing at 86,000 appears modest. This setup creates an attractive risk-reward scenario for bullish traders, with well-defined support at 85,000 and potential upside of 700-800 points if resistance levels are conquered.

Support and Resistance Levels (24th Nov 25)

Nifty 50 – Key Levels

Support Zones:

• 26,000 – Primary psychological support and round number
• 25,950 – Secondary support near 9 DMA
• 25,850 – Intermediate support zone
• 25,750 – Strong technical support
• 25,650 – Critical support aligned with 20 DMA

Resistance Zones:

• 26,150 – Immediate resistance and Friday's high vicinity
• 26,250 – Major resistance; breakout level for further upside
• 26,350 – Intermediate resistance
• 26,450 – Strong overhead resistance
• 26,550 – Extended resistance target

The critical level for Monday is 26,000, which aligns with psychological significance and technical structure. Any dip toward this level should attract buying interest, offering an optimal entry point for traders looking to capitalize on the prevailing bullish trend. The Relative Strength Index (RSI) on the daily timeframe indicates the index is not yet in overbought territory, suggesting room for further upside movement.​

Bank Nifty – Key Levels

Support Zones:

• 58,800 – Immediate support near Friday's close
• 58,500 – Strong support zone with Put OI buildup
• 58,200 – Intermediate support level
• 57,900 – Secondary support
• 57,600 – Critical support for maintaining bullish structure

Resistance Zones:

• 59,200 – Immediate resistance and psychological barrier
• 59,500 – Major resistance; breakout crucial for rally continuation
• 59,800 – Intermediate resistance
• 60,000 – Psychological milestone and strong resistance
• 60,300 – Extended upside target

Bank Nifty faces a critical juncture at 59,500, where sustained closing above this level could trigger momentum toward the 60,000 psychological mark. However, the index's performance remains heavily dependent on heavyweight banking stocks, particularly HDFC Bank, ICICI Bank, and Axis Bank, which need to demonstrate strength for the index to break out of its consolidation pattern. The monthly expiry on Tuesday (26th November) adds an element of unpredictability, with options traders likely to influence intraday volatility.​

Sensex – Key Levels

Support Zones:

• 85,000 – Very strong support with high Put OI concentration
• 84,960 – Secondary support near psychological level
• 84,843 – Technical support zone
• 84,331 – Critical support aligned with 9 DMA
• 84,187 – Friday's intraday low and extended support

Resistance Zones:

• 85,500 – Primary resistance with Call writer presence
• 85,609 – Intermediate resistance level
• 85,801 – All-time high; critical breakout point
• 85,918 – Extended resistance target
• 86,000 – Psychological milestone and major target

The Sensex technical setup presents a textbook buy-on-dips scenario with clearly defined support at 85,000 backed by strong derivatives positioning. The index's ability to sustain above its moving averages while maintaining positive RSI readings reinforces the bullish outlook. A breakout above 85,500 would neutralize Call writer resistance and open the pathway toward testing the all-time high at 85,801, with potential extension to 86,000 if momentum sustains.​

Nifty Predictions – 

Nifty 50 15-Minute Technical Chart with Support & Resistance Levels for 24 Nov 2025

The Nifty 50 index displays a constructive technical setup heading into Monday's session, with the overall trend structure remaining intact despite Friday's modest decline. The index continues to trade comfortably above both its 9-day moving average (approximately 25,950) and 20-day moving average, indicating that the primary uptrend remains in force. The weekly chart shows a green candle formation with higher highs, reinforcing the bullish narrative that has dominated since early October.

Technical Indicators Analysis

The Relative Strength Index (RSI-14) on the daily timeframe currently reads in the neutral-to-positive zone, well below overbought levels of 70, suggesting substantial upside potential remains before any technical exhaustion signals emerge. This RSI configuration is particularly encouraging as it indicates the recent rally has not yet reached frothy levels that typically precede corrections. The Moving Average Convergence Divergence (MACD) indicator maintains a bullish crossover, with the signal line positioned favorably for continued upward momentum.

Volume analysis reveals that any dip toward the 26,000 support zone has been met with accumulation rather than distribution, suggesting institutional buyers remain active at lower levels. This pattern of buying on dips has been consistent since October, creating a series of higher lows that define the current uptrend. The lack of panic selling even during Friday's decline indicates market participants view any weakness as a buying opportunity rather than the beginning of a trend reversal.​

Trading Strategy for Nifty

Bullish Scenario: If Nifty opens above 26,100 (gap-up scenario indicated by Gift Nifty), immediate resistance lies at 26,150-26,180 zone. A decisive move above 26,250 with strong volumes could propel the index toward 26,350-26,450 during the session. Traders can consider buying call options at-the-money or slightly out-of-the-money with targets at these resistance levels, while maintaining stop loss below 26,000.

Consolidation Scenario: If Nifty trades in the 26,000-26,200 range, it would represent healthy consolidation before the next leg of the rally. This range-bound action would allow the index to digest recent gains while building energy for a breakout attempt. Option writers might find opportunities in selling strangles within this range, though caution is advised given Tuesday's monthly expiry.

Bearish Scenario: A break below 26,000 would trigger concern and could lead to testing of 25,950 and subsequently 25,850 levels. However, given the strong technical structure and positive Gift Nifty indication, this scenario appears less probable for Monday's session. Any such decline should be viewed as an enhanced buying opportunity rather than a trend reversal, with aggressive accumulation expected near the 25,850-25,950 zone.​

Our Opinion: Nifty Outlook for November 24

We maintain a moderately bullish outlook on Nifty for Monday's session with a buy-on-dips approach. The index is expected to open with a gap-up based on positive Gift Nifty signals and attempt to test the 26,150-26,250 resistance zone. Key to watch will be whether banking stocks participate in any rally attempt, as their support is crucial for sustaining upside momentum. Target for Monday: 26,200-26,300 with stop loss below 25,950. Intraday traders should focus on buying dips near 26,000-26,050 zone while avoiding chasing momentum at higher levels. The monthly expiry scheduled for Tuesday adds an element of volatility, so position sizing should be conservative with strict risk management protocols.

Bank Nifty Predictions 

Bank Nifty 15-Minute Technical Chart with Support & Resistance Levels for 24 Nov 2025

Bank Nifty presents a more complex technical picture compared to its broader market counterpart, reflecting the mixed performance of banking sector heavyweights on Friday. The index closed at 58,867.70, significantly below its previous close of 59,347.70, marking a decline of 480 points or 0.81%. This underperformance relative to the Nifty 50 highlights sector-specific challenges that need resolution before a sustained rally can materialize.​

Banking Sector Dynamics

The weakness in Bank Nifty stems primarily from profit-booking in major banking stocks that have witnessed substantial gains in recent months. HDFC Bank, ICICI Bank, and Axis Bank – which collectively account for approximately 50% of the Bank Nifty weightage – all closed in red on Friday, creating significant drag on the index. This concentration risk means the index's performance is heavily dependent on the movement of these three stocks, making their individual technical setups crucial for Monday's prediction.​

The broader banking sector faces a critical inflection point as the monthly expiry approaches on Tuesday, 26th November 2025. Options data suggests heavy Call writing at 59,500 and 60,000 levels, indicating strong resistance zones where option writers expect the index to struggle. Conversely, Put support at 58,500 and 58,000 levels suggests these zones should provide cushion in case of any downside pressure.​

Technical Levels and Chart Pattern

The Bank Nifty hourly chart reveals the index trading in a consolidation phase, forming a rectangle pattern between 58,500 and 59,500. A breakout from this pattern in either direction would likely trigger momentum trading and directional movement. The 50-period moving average on the hourly chart currently resides near 58,900, providing dynamic support for Monday's session. Volume profile analysis indicates the highest traded volumes occurred in the 59,000-59,200 zone, marking it as the point of control where maximum price acceptance exists.

The RSI on the daily timeframe for Bank Nifty reads approximately 55, indicating neutral momentum with slight positive bias. Unlike the broader Nifty 50, Bank Nifty hasn't demonstrated the same degree of technical strength, suggesting a more cautious approach is warranted. The MACD indicator shows signs of potential positive crossover, but confirmation would require Monday's price action to close above 59,000 with strong volumes.

Trading Strategy for Bank Nifty

Bullish Breakout Strategy: If Bank Nifty manages to open above 59,000 and sustain above this level in the first hour, traders can look for long positions targeting 59,200-59,500. A decisive close above 59,500 would be particularly bullish, opening the pathway toward 60,000. Call option buyers should focus on the 59,500 strike with stop loss if the index falls below 58,900.

Range-Bound Strategy: Given the consolidation pattern, the most probable scenario for Monday involves range-bound trading between 58,700-59,300. Iron condor strategies or range-bound option spreads could be effective in this scenario. Intraday traders should look to sell near 59,200-59,300 and buy near 58,800-58,900 for range-trading opportunities.

Bearish Breakdown Scenario: A break below 58,800 on Monday would signal weakness and could trigger testing of 58,500 strong support zone. However, given the Put support at these levels and the overall bullish market structure, aggressive buying is expected at 58,500, limiting downside potential. Put option buyers should be cautious as theta decay accelerates with Tuesday's expiry approaching.​

Our Opinion: Bank Nifty Outlook for 24th November

We adopt a cautiously optimistic stance on Bank Nifty for Monday with a preference for waiting for confirmation before taking aggressive positions. The index needs banking majors to participate actively for any meaningful upside, which was notably absent on Friday. Expected range for Monday: 58,700-59,400 with high probability of consolidation ahead of Tuesday's monthly expiry. Our recommended strategy is to buy dips near 58,800-58,900 with tight stop loss below 58,700, targeting 59,200-59,400 for intraday trades. Options traders should be particularly mindful of elevated implied volatility premiums due to expiry proximity and adjust position sizes accordingly. A close above 59,500 would significantly improve the technical outlook and could trigger short covering rally toward 60,000.

Sensex Predictions – 

Sensex 15-Minute Technical Chart with Support & Resistance Levels for 24 Nov 2025

The BSE Sensex demonstrates remarkable technical strength despite Friday's 400-point decline, having established a fresh all-time high at 85,801 during the week. This achievement underscores the underlying bullish momentum that has characterized the market since the beginning of November. The index closed at 85,231.92, maintaining a healthy position above critical moving averages that define the prevailing uptrend.

Weekly Chart Analysis and Pattern Recognition

The weekly chart for Sensex displays a robust uptrend with consistent green candle formations over the past several weeks. The current week's candle, despite Friday's red close, maintains a body positioned above the previous week's high, indicating continuation of the bullish trend. This pattern of making higher highs and higher lows has been consistent since early October, creating a well-defined ascending channel that provides clear boundaries for price action.

Some market participants have expressed concerns about potential "double top" formation given the all-time high achieved during the week. However, technical analysis refutes this interpretation as the pattern lacks the requisite characteristics of a true double top, specifically the significant retracement between peaks and the breakdown of neckline support. The current structure more closely resembles a bull flag or pennant consolidation, patterns that typically resolve with continuation of the prior uptrend rather than reversal.

Derivative Market Deep Dive

The Sensex options chain provides invaluable insights into trader expectations and positioning for Monday's session. At the 85,000 strike, substantial Put open interest indicates strong conviction among option writers that this level will hold as support. This derivative positioning translates to potential buying pressure if the index approaches this zone, as Put writers would need to hedge their positions or face significant losses on further downside.

The Call option concentration at 85,500 represents the first significant resistance hurdle for Monday. However, the presence of Put open interest (18,764 contracts) at this same strike creates an interesting dynamic – a breakout above 85,500 would trigger losses for both Call writers and Put sellers at this level, potentially creating a "gamma squeeze" scenario that accelerates upside movement. This technical setup makes 85,500 the most critical level to monitor on Monday, as its conquest could unleash substantial short covering toward 86,000.​

Beyond 85,500, the options data reveals relatively light Call writing until the 86,000 psychological barrier, suggesting minimal resistance in the 85,600-85,900 zone. This "air pocket" in the options chain could facilitate rapid price appreciation if initial resistance at 85,500 succumbs to buying pressure. The all-time high at 85,801 represents a technical rather than fundamental resistance point, with psychological significance being its primary characteristic.

Moving Averages and Momentum Indicators

The 9-day exponential moving average (EMA) for Sensex currently resides at 84,331, providing dynamic support far below current price levels. The fact that the index maintains such substantial cushion above this short-term moving average indicates strong momentum without immediate reversal risk. The 20-day EMA similarly trends well below current prices, reinforcing the bullish structure.

The Relative Strength Index (RSI-14) reads approximately 62 on the daily chart, firmly in positive territory but well below overbought threshold of 70. This RSI reading is particularly constructive as it suggests the index can sustain further gains without entering technically overextended territory that often precedes corrections. Historical analysis shows Sensex can maintain RSI readings in the 65-75 range for extended periods during strong bull phases, implying current momentum can persist.

Sector Rotation and Market Leadership

Friday's sectoral performance provides clues about which segments might lead Monday's market action. The strength in Auto, IT, and FMCG sectors suggests defensive and growth-oriented segments are attracting investor interest, while weakness in Banking, Metals, and Financial Services indicates profit-booking in cyclical and interest-rate sensitive sectors. For Sensex to achieve a decisive breakout above its all-time high, participation from banking heavyweights becomes crucial given their significant index weightage.​

Reliance Industries 1.82%, as one of the largest Sensex constituents, will play a pivotal role in Monday's price action. The stock's movement often provides directional cues for the broader market, and its performance should be monitored closely in the opening session.

Trading Strategy for Sensex

Aggressive Bullish Strategy: Traders with high risk appetite can consider buying at current levels or on minor dips toward 85,150-85,200, targeting 85,500 initially and 85,800-86,000 on extension. This strategy assumes Gift Nifty's positive indication translates to a gap-up opening and sustained buying interest. Stop loss should be maintained below 85,000 to protect against unexpected reversals.

Conservative Bullish Strategy: Wait for any dip toward the 85,000 strong support zone before initiating long positions. This approach offers superior risk-reward ratio with well-defined support and potential upside of 500-1000 points. Conservative traders might also consider buying Put options as portfolio insurance while maintaining long equity positions, creating a synthetic collar strategy that limits downside while preserving upside potential.

Breakout Trading Strategy: Monitor the 85,500 level closely – a decisive breakout above this resistance with volumes exceeding 20-day average would signal high probability of testing all-time high at 85,801 and subsequently 86,000. Breakout traders should enter positions only upon hourly close above 85,500 to avoid false breakouts, with stop loss at 85,350.

Range-Bound Strategy: If the index trades between 85,000-85,500 without clear directional bias, options strategies like iron condors or credit spreads could exploit the range-bound environment while Tuesday's expiry approaches. This strategy benefits from time decay while limiting risk in both directions.

Our Opinion: Sensex Outlook for 24th November

We maintain a strongly bullish outlook on Sensex for Monday with high conviction in the buy-on-dips strategy. The technical structure remains impeccable with support from moving averages, constructive RSI readings, and powerful derivatives positioning at 85,000 support. Gift Nifty's positive indication suggests a gap-up opening that could test 85,400-85,500 in early trade.​

Our Target for Monday: 85,500-85,800 with extended possibility of testing 86,000 if momentum sustains and banking stocks participate actively. The critical support at 85,000 provides excellent risk-reward for long positions, as any dip toward this level should be aggressively accumulated rather than feared. We assign 70% probability to an upside move toward 85,500-85,800 range and only 30% probability to downside testing of 85,000 support.

The key catalysts to watch include: (1) opening gap based on Gift Nifty indication, (2) performance of banking majors in first hour, (3) global market sentiment and Asian market trends, and (4) FII/DII activity as indicated by bulk deals and block trades. The monthly expiry on Tuesday adds volatility premium but also creates opportunities for nimble traders who can capitalize on intraday swings.

Risk factors include unexpected negative global news, sharp reversal in US technology stocks, or renewed concerns about inflation and interest rates. However, absent such external shocks, the path of least resistance for Sensex appears upward based on current technical setup and derivative positioning. Position sizing should be calibrated to Tuesday's expiry volatility, with conservative leverage and strict stop losses recommended.

Tomorrow's Market Prediction for 24th November 2025

Monday's session is poised to begin on a positive note with Gift Nifty futures trading 107 points higher at 26,185, indicating a gap-up opening for Indian equity markets. However, the gap-up should be evaluated in context of Friday's mixed global signals, with US markets showing recovery (S&P 500 0.98% +1%, Nasdaq 0.88% +0.9%) while Asian markets closed weak (Nikkei -2.4%, Hang Seng -2.38%).​

Overall Market Sentiment: Cautiously Bullish

The predominant market sentiment remains bullish with a buy-on-dips bias, as evidenced by technical indicators, derivative positioning, and momentum characteristics across all three major indices. The consistent pattern since early October has been that any meaningful dip gets absorbed by buyers, creating a series of higher lows that define the uptrend. This behavioral pattern is unlikely to change on Monday unless confronted with significant negative news flow.

The auto sector should continue demonstrating strength based on Friday's performance, with passenger vehicle manufacturers benefiting from festive season demand spillover. IT sector stocks might attract attention as the sector showed resilience despite broader market weakness, potentially supported by stable US technology spending outlook. The FMCG sector could see selective buying in quality names as investors seek defensive positioning ahead of monthly expiry volatility.

Conversely, the banking and financial services sector requires close monitoring as its performance will significantly influence overall market direction. The weakness in banking majors on Friday represents either profit-booking after substantial gains or anticipatory positioning ahead of monthly expiry. Monday's opening session will clarify whether this selling pressure persists or reverses, with the latter scenario more conducive to broader market rally.

Key Levels to Watch on Monday

Nifty 50: Support at 26,000; Resistance at 26,250

Bank Nifty: Support at 58,800; Resistance at 59,500

Sensex: Support at 85,000; Resistance at 85,500

Intraday Trading Strategy

First Hour (9:15 AM - 10:15 AM): Allow the market to digest Gift Nifty indication and establish opening range. Gap-up openings often see profit-booking in first 30-45 minutes before genuine directional move emerges. Avoid chasing momentum at open; instead, wait for the first pullback toward support zones before initiating long positions.

Mid-Morning Session (10:15 AM - 12:00 PM): This period typically establishes the day's trend as institutional activity peaks. Monitor whether banking stocks participate in any rally attempt, as their support is crucial for sustaining upside. Volume analysis during this period provides clues about conviction behind price movements – high volume on upside suggests genuine buying interest, while low volume rallies might prove unsustainable.

Afternoon Session (12:00 PM - 3:30 PM): With monthly expiry scheduled for Tuesday, Monday afternoon could witness volatility as options traders adjust positions. Be prepared for sharp intraday moves in either direction, particularly in the final hour. Avoid carrying overnight positions in options due to elevated theta decay with expiry approaching.

Risk Management Guidelines

Given Tuesday's monthly expiry, position sizing should be conservative with maximum 2-3% portfolio risk on any single trade. Strict stop losses are mandatory – for Nifty positions, stops below 26,000; for Bank Nifty, stops below 58,700; for Sensex, stops below 85,000. Options traders should be particularly mindful of accelerated time decay and elevated implied volatility premiums, potentially favoring options selling strategies over buying strategies.

Avoid holding positions overnight into expiry day unless backed by strong conviction and adequate margin. The final day of monthly expiry often witnesses wild intraday swings that can turn profitable positions into losses within minutes. Cash market traders have more flexibility but should still maintain disciplined risk management given expiry-related volatility spillover.

Final Verdict

The technical analysis for Monday, 24th November 2025, presents a compelling bullish case across all three major Indian equity indices – Nifty 50, Bank Nifty, and Sensex. The convergence of multiple bullish factors including positive Gift Nifty indication, strong support levels backed by derivative positioning, constructive technical indicators, and sustained uptrend patterns since October collectively support an optimistic outlook for the trading session ahead.

Sensex emerges as the most attractive opportunity with pristine technical setup, strong Put support at 85,000, and clear pathway to 86,000 if resistance at 85,500 succumbs to buying pressure. The index's achievement of a fresh all-time high during the week demonstrates market resilience and underlying strength that should persist into Monday's session. Our conviction level is highest for Sensex with buy-on-dips strategy near 85,000-85,150 zone offering excellent risk-reward ratio.

Nifty 50 maintains solid technical structure with support well above moving averages and RSI indicators suggesting room for further upside without entering overbought territory. The index's positioning above 26,000 psychological support provides comfort for bulls, while breakout above 26,250 could trigger momentum toward 26,400-26,500 zone. The breadth of Friday's decline was moderate rather than severe, suggesting profit-booking rather than panic selling, which bodes well for Monday's recovery attempt.

Bank Nifty requires the most cautious approach given Friday's underperformance and concentration risk in heavyweight banking stocks. While the overall structure remains positive, immediate resistance at 59,500 and uncertain participation from banking majors warrant waiting for confirmation before aggressive positioning. A breakout above 59,500 would significantly improve the outlook, but until that occurs, range-bound trading between 58,700-59,400 appears most probable.

The monthly expiry on Tuesday, 26th November 2025, introduces an additional dimension of volatility that cannot be ignored. Options traders should exercise heightened caution with position sizing, stop losses, and time decay considerations. The expiry week often witnesses increased intraday volatility as large positions get unwound, creating both opportunities and risks for nimble traders.​

Key Takeaways for Monday Trading

1. Gap-up opening expected based on positive Gift Nifty indication (+107 points at 26,185)​
2. Buy-on-dips strategy preferred over shorting given strong technical structure across indices
3. Banking sector performance crucial – monitor HDFC Bank, ICICI Bank, Axis Bank closely in opening session
4. Support zones offer optimal entry points – Nifty at 26,000, Bank Nifty at 58,800, Sensex at 85,000
5. Resistance breakouts signal momentum – Watch for decisive moves above Nifty 26,250, Bank Nifty 59,500, Sensex 85,500
6. Sectoral rotation continues – Auto, IT, FMCG showing relative strength; Banking, Metals showing weakness
7. Monthly expiry volatility – Exercise conservative position sizing and strict risk management
8. Global cues mixed – US recovery positive but Asian weakness creates uncertainty.​

Accuracy Track Record

Our previous technical analyses have maintained strong accuracy in identifying key support and resistance zones, with the buy-on-dips strategy proving particularly effective throughout October and November 2025. The prediction of Sensex achieving new all-time highs materialized during the week, validating the bullish outlook maintained in recent analyses. The identification of 85,000 as strong support for Sensex has been repeatedly validated, with the index finding buyers each time it approaches this zone.

For Bank Nifty, our cautious stance has been appropriate given the index's consolidation pattern and underperformance relative to broader market. The resistance at 59,500 identified in previous analyses continues to hold, demonstrating the relevance of derivative-based level identification. Nifty's support at 26,000 and resistance at 26,250 levels have proved accurate in recent sessions, providing actionable trading zones for subscribers.

Tomorrow's Reconfirmed Outlook

We reconfirm our bullish outlook for Monday, 24th November 2025, with highest conviction on Sensex buy-on-dips strategy near 85,000-85,150 zone targeting 85,500-85,800. Nifty 50 offers secondary opportunity with buying recommended near 26,000-26,050 targeting 26,200-26,350. Bank Nifty requires confirmation and patient waiting for either breakout above 59,500 or dip toward 58,800 before initiating positions.

The market environment favors nimble traders who can capitalize on intraday volatility while maintaining disciplined risk management. Avoid complacency despite positive outlook, as monthly expiry can create unexpected price swings. Stay informed about global developments, particularly US technology sector performance and Asian market sentiment, as these external factors can override domestic technical considerations.

Trade with proper position sizing, honor your stop losses, and remember that capital preservation supersedes profit maximization, especially during expiry week volatility. The market will offer numerous opportunities – patience and discipline separate successful traders from the rest.

Disclaimer

This technical analysis is provided for educational and informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any securities. The views expressed represent the author's opinion based on technical analysis of historical price data and derivative market indicators as of 22nd November 2025.

Past performance does not guarantee future results. Stock markets are subject to numerous risks including market volatility, economic factors, geopolitical events, and company-specific developments that can cause actual price movements to differ materially from predictions. Trading and investing in equity markets involves substantial risk of loss, and you could lose all or more than your initial investment.

Please consult with your financial advisor or registered investment professional before making any trading or investment decisions. Consider your investment objectives, risk tolerance, time horizon, and financial situation before entering any positions. The monthly expiry on Tuesday, 26th November 2025, introduces elevated volatility that requires appropriate risk management and position sizing.

The information provided is based on publicly available data and technical analysis methodologies. While every effort has been made to ensure accuracy, Option Matrix India makes no warranties or representations regarding the completeness or accuracy of this information. Market conditions can change rapidly, and technical levels should be reassessed based on real-time price action.

This analysis does not constitute a contract or guarantee of performance. Readers are solely responsible for their trading decisions and any resulting profits or losses. Always trade with capital you can afford to lose and never risk more than a small percentage of your trading capital on any single trade.