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
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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.
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