By Nagaraj Shetti

After showing a sustainable upside bounce from the intraday lows on Tuesday, Nifty shifted into a consolidation movement at the hurdle of 22000 levels on Wednesday and closed the day on a flat note. Nifty opened today with an upside gap of 116 points and slipped into weakness from the highs soon after the opening.

Minor recovery was seen amidst a range movement in the mid part, but upside recovery picked up towards the end. The opening upside gap has been filled completely.

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