NIFTY headed for flat expiry?

NIFTY might play a small range between 16800 and 17000 today (Thursday 23rd December 2021). Good support at 16900 levels given by confluence of fib line (0.382) and the EMA 21. Lot of calls sold at 17000, 17100 and 17200 levels indicate strong resistance to move upwards. Max pain levels at 17050 levels suggest that expiry will be around this.

Disclaimer: I am not a SEBI registered advisor. All views are personal and may not be construed as advice. Please consult your advisor before making any trading/investment decisions.