Nifty October 4th Week Analysis. ( Monthly Expiry week )Nifty 50 IndexNSE_DLY:NIFTYIshanMathur05Nifty appears ready for a fresh round of downward movement and volatility. The close at 22,600 is crucial. If Nifty breaches the support range of 22,492 to 22,367, we can expect a further decline upto 21,994. On the upside, if Nifty is able to cross and sustain above 22,695, we can expect further upside. A volatility-packed week lies ahead. All levels are marked in the chart posted.