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Ruchit Jain of Angel Broking said any breach of that level could trigger more corrections up to the 14,870-14,900 range.

During the week gone by, the market behaved in stark contrast to the behaviour seen in the previous week, as Nifty again scaled new highs and closed with robust gains. The previous week had seen the headline index decline tank 737 points. Over the past five days, the market gave a thumb-up to the Union Budget. All through these five session, Nifty witnessed a parabolic and vertical rise. The index tested the psychologically important 15,000 mark on Friday, as it hit a new intraday high of 15,014 before coming off from that point. The index ended the week on a very strong note with a net gain ...

Aditya Agarwala of YES Securities said the “Three Black Crows” is a bearish candlestick pattern, and noted that the index has shut shop below the 20-DMA support line at 14,300, which was acting as the stop loss line since November 2, 2020.

Aditya Agarwala of YES Securities said a sustained trade above the 14,560 mark would extend the gains to 14,650 and 14,800 levels.

A few analysts said Friday's fall could just be a single-day affair, but for that to be true the index needs to close above the 14,500 level on Monday, they said.