Day trading guide: 2 stock recommendations for Monday SECTIONS Last Updated: Apr 18, 2021, 01:23 PM IST Share Synopsis The index has retraced about 61.8% of the previous decline, and needs a decisive breakthrough above 14,700 to continue its recent rally, according to Amit Trivedi. ETMarkets.com A decisive breakthrough above the 14,700 mark is required for the Nifty50 index to continue its recent rally, writes Amit Trivedi. Related NSE Explore Now The Nifty50 index ended higher for a straight third session, however, after marking the day’s high at 14,698, it failed to cling on to higher levels. After a two-day rally, momentum in the index seems to be stalling near the 14,700 zone. Eventually, the Nifty formed an indecisive candle with a comparatively large upper shadow. It has retraced about 61.8 per cent of the previous decline. Hence, the index requires a decisive breakthrough above 14,700 to continue its recent rally.