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Daily Market Quote: 14 October 2026

Authored By Prime Research | Published at: Oct 14, 2026 05:07 PM IST

Daily Market Quote: 14 October 2026

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The alternative candle pattern of bull and bear continued in the market for the fifth consecutive session on Wednesday and Nifty closed the day lower by 99 points.
A small negative candle was formed on the daily chart that signals consolidation movement in the market after a sharp upmve seen on Tuesday. The bearish pattern like lower tops and bottoms is intact on the daily chart. A decisive close above 22800 is likely to negate this bearish setup.
Nifty is currently placed at the crucial resistance around 22700-22800 levels and a decisive break out of this hurdle could open further short covering in the market towards 23100-23200 levels. Any weakness from here could find support around 22300 levels.
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