New Delhi, Feb. 19 -- Nifty 50 on 18 February: A recap

The Nifty 50, India's benchmark index, continued to trade in a narrow range of 22,800-23,000 before closing at 22,945 on 18 February. As a result, the index formed a narrow range bearish candle on the daily chart. However, it protected the previous day's low.

Among sectors, except IT, energy, and public sector enterprises, all major indices closed negative to flat. However, the advance-decline ratio was heavily inclined towards decliners as the ratio stands at 1:3.

From a technical standpoint, the Nifty continues to trade around its crucial support range of 22,700-22,800 levels. The index continued to trade below all key moving averages with negative bias.

The 14-day Relative Stre...