Ahead of Market: 12 things that will decide stock action on Thursday SECTIONS Share Synopsis Rohit Singre, Senior Technical Analyst at LKP Securities said, "The index has formed a good base near 14,500-14,430 zone and any break below said levels can emerge in more profit booking." Analysts said the index could be in for some consolidation, and believe Nifty testing of the 14,400-14,367 range could put an end to the ongoing strong momentum. Related NEW DELHI: Nifty today touched its fresh all time high, but soon saw a bout of profit booking and settled at almost the same level as the previous close. The headline index formed a bearish candle with a long lower shadow similar to a 'Hanging man' pattern for the day.