Technical Analyst, Mohit Gaba:
The Nifty had a day of consolidation on Wednesday after a large down move on Tuesday. The CNX IT was a major drag on the Nifty; IT has been a strong index in the past and now is going through a correction which could limit the upside on the Nifty if any.
As of now the bias on the Nifty is negative however there may not be big down side, we could see a choppy market for the next few session.
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