The market is expected to be volatile and consolidate after a marginal gain last week. The Nifty needs to close above 24,850 to maintain the upward momentum. The Nifty November weekly options show significant open interest at 25,000 CE and 24,000 PE strikes. Foreign institutional investors (FIIs) have been net buyers in the cash segment, indicating a possible shift to risk-off sentiment. The Bank Nifty is expected to trade in a range of 52,400-54,000, with resistance at 53,700 and support at 52,800-52,350. The strategy for the week is to sell a Nifty short strangle by selling puts at 24,000 and calls at 25,000 with a stop-loss at 51 and a target of 88. Religare Broking expects the Nifty to trade within a range of 24,000-25,000 due to current market volatility.