New Delhi, Feb. 17 -- Stock market on 14 February

On Friday the Nifty opened with a gap up, but quickly began to slip and ended the day lower. In the daily charts, we notice the Nifty spot has tested the swing low of 22,800 for the third time in the past month. The Nifty's ability to hold on to higher levels has been weakening. The change in trends could cause the lower boundary to be tested this week.

Outlook for trading

After an encouraging start to February, Nifty and Bank Nifty quickly gave up all their gains. While the market continues to revive from lower levels, it peters out at higher levels, resulting in volatility. High-beta stocks continue to attract the buying interest at lower levels but retail participation is wearing off...