Suppose relation R(A,B,C,D) exists with no functional dependency. So can ABCD be considered as candidate key?
Yes, the key1 is comprised from all attributes together.
This is quite rare in practice, though. It mostly happens with junction/link tables that implement many-to-many (or many-to-many-to-many etc.) relationship.
Or this relation will not have any candidate key?
A relation must have at least one key, otherwise it's not a relation2.
Relation is a set, and any given object either belongs to a set or doesn't - it cannot belong multiple times (unlike for multiset). Without at least one key, the same tuple would be able to belong multiple times.
1 Just saying "key" is synonymous with "candidate key".
2 At the very least, all attributes, taken together, can be considered a key (as in your case).