Technical View: Nifty forms bullish candle, MACD gives a buy signal but tread with caution Bravehearts, who are already long, are advised to maintain a tight stop below 14,714 levels on a closing basis and ride the rally, Mazhar Mohammad of Chartviewindia.in has said. Sunil Shankar Matkar February 04, 2021 / 04:27 PM IST The Nifty50 after gained strength after initial hours of volatility to hit a new high on February 4 despite weak Asian cues. All sectors, barring IT and pharma, supported the rally. It opened flat at 14,789.05 and hit the day's low of 14,714.75 amid volatility but gained strength later to extend the rally to hit a life-time high of 14,913.70. The index gained 105.70 points to end at a record closing high of 14,895.70.