Nifty recouped part of the late losses to continue its rally on March 27. At close, Nifty was up 0.54% or 118.9 points at 22123.7. Nifty formed a small candle with a high upper shadow on March 27. Nifty keeps facing selling pressure as it nears 22,200. Nifty could now remain in the 21932-22204 band for the near term.