How do you see markets on 24th November after the huge volatility seen in the markets on 24th November?

I suppose you are asking for the outlook on 25 November. On Wednesday, 24 November, the Sensex gyrated by more than 800 points during the day but closed lower. Nifty closed at 17,415 or nearly 88 points lower. The markets will most likely be volatile on 25th November due to the monthly F&O expiry which could see long unwinding and weak rolls.

The advance decline ratio on 24 November dipped sharply into the unfavourable zone at 13:36 for the Nifty stocks. There was ample pressure on auto stocks and IT stocks but the gains came largely from the PSU infrastructure companies like ONGC and Coal India. The good news is that the VIX has again tapered to around 17 levels.

Foreign investors were net sellers on Wednesday to the tune of Rs.5,123 crore in the equity markets while the domestic funds and insurances bought stocks worth Rs.3,810 crore. Most FPIs appear to be funding their primary market investments with secondary market profits and that trend is visible even in the first 7 months for fiscal year 2021-22.

Early SGX indications have been showing a weak to uncertain market and the overall F&O expiry is likely to keep the markets volatile, which investors need to be wary of. The volatility of Wednesday is likely to continue as the F&O rolls pick up steam during the second half of the day.