New Delhi, Feb. 21 -- Nifty 50 performance on 20 February: A recap

India's benchmark Nifty 50 traded within a narrow range of 22,800-23,000 before closing at 22,945 on 20 February, Thursday, forming a narrow-range bearish candle on the daily chart. However, the index managed to hold above the previous day's low.

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Sector-wise, IT, Energy, and PSE were the only gainers, while all other major indices closed flat to negative. Market breadth remained weak, with the advance-decline ratio heavily skewed towards decliners at 1:3.

Technicals

Nifty 50 continues to hover around its key support zone of 22,700-22,800, trading below all major moving average...