New Delhi, Feb. 27 -- Nifty50 on 25 February

Nifty 50 ended flat on Tuesday after a lackluster trading session. After a muted opening at 22,516.45, the index moved higher toward 22,600 in the initial hour. However, it quickly erased all the gains and traded sideways for the rest of the session, closing almost flat at 22,547.

Consequently, the index formed a Doji candle on the daily chart, indicating a fight between bulls and bears. Barring consumer durables, auto and FMCG, all the major sectoral indices closed lower to flat. The advance-decline ratio was skewed toward decliners, at about 1:2.

From a technical perspective, the index closed below its crucial support zone of 22,700-22,800. The 14-day relative strength index (RSI) is trend...