New Delhi, Feb. 20 -- Nifty 50 performance on 19 February: A recap

Benchmark index Nifty 50 remained in a tug-of-war between bulls and bears on Wednesday, trading in a volatile manner for a third consecutive session. After a muted opening at 22,847 points, the index attempted to reclaim 23,000 in the initial hour of the session. However, it quickly erased all gains and ended flat at 22,933.

As a result, the index formed a bullish candle with an upper shadow on the daily chart. Barring IT, pharma, and FMCG, other major sectoral indices ended the day's trading positive to flat. The advance-decline ratio at 3:1 was heavily inclined toward advancers.

From a technical standpoint, Nifty 50 continues to trade around its crucial support range ...