- 17263/17290 will be the decisive level for nifty this week for any up move - 17094 will act as immediate support - How the price react on this level decide the future direction of nifty - omicron variant and continuous FII selling , Inflation , tapering with all these negative sentiment in the market , we can expect further downward movement in the market to the max of 4-5% correction . Bottom is somewhere near