Ahead of Market: 12 things that will decide stock action on Monday SECTIONS Share Synopsis A few analysts said Friday's fall could just be a single-day affair, but for that to be true Nifty needs to close above the 14,500 level on Monday. Shutterstock.com India VIX needs to cool down below 20 level to again get the bullish stance. NEW DELHI: Headline equity index Nifty saw a bout of profit booking and formed a bearish candle on the daily chart on Friday. On the weekly scale, the index closed a little lower than the week's opening to form a 'Gravestone Doji' candle, signalling indecisiveness on Dalal Street.