Nifty likely to remain in bull market, reach 16,200 in 2021: ICICI Direct Updated : December 23, 2020 02:47 PM IST Within the bull phase, a normal correction of 15-20 percent cannot be ruled out, ICICI Direct said. ICICI Direct expects emerging markets to outperform developed market peers. Published : December 23, 2020 12:49 PM IST