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Lacking required momentum on either side initially, the Nifty swung between negative and positive territory. However, eventually, it fell below 16,100, down for the consecutive session.

“As long as Nifty remains beneath 16,400, its ongoing non-trending phase is expected to continue. Hence, the ideal strategy remains to focus on stocks/sectors specific action,” said Amit Trivedi, Technical Analyst – Institutional Equities, YES Securities.

“Sectoral trends remained mixed. Bank Nifty managed to sustain above its prior session’s low. The immediate hurdle is seen near 34,800, decisive breakthrough above for the same is essential to unlocking upside potential till 35,300,” he added.

Below are four recommendations that analysts suggest for Wednesday:

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