Nifty likely to close between 17,500 to 17,250 for this November expiry. After which the FIIs who are relentlessly selling may start buying and we may see a pullback.
If the
NIFTY
falls below 17250, it would also mean a major trend line is broken and market will turn extremely bearish and we may see a correction in Nifty and the market may take support at 16,700. The market may take support at major support level 16,000. So its crucial to see whether FIIS become net buyers post November 25 Options and Future Expiry.