Quote on Bank Nifty : The recent Bank Nifty closing formed a doji candlestick pattern on the daily chart Say`s Rupak De, at LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/b8b29f01e74e46b5f4fde428e89d2a86.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below Quote on Bank Nifty 14 August 2023 from Rupak De, Senior Technical analyst at LKP Securities:
The recent Bank Nifty closing formed a doji candlestick pattern on the daily chart. Support at 43800 signifies its resilience, while substantial put writing at 44000 suggests confidence in its stability. However, call writing at 44500 could hinder upward movement. A "sell on rise" strategy might be prudent until a clear breakout above 44500 resistance is observed, as per the analysis.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/028a3668b44241b533726ce810cf8847.jpg)
Daily Market Analysis : It finally settled around the day`s low to close at 19265.80 levels ...
![Possibly extending the stock market trading hours By A Balakrishnan, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/30aa108a15e61404904aafe8e2b5309a.jpg)
![Daily Market Commentary : Nifty recovered from lower levels to close flat at 22303 Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker _17.jpg)
![Morning Nifty, Derivative and USD-INR outlook comments 30 September 2022 By Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/09/16ed37060b088f9e204a15be42feeee5.jpg)