>Daily Calls (ICICI Direct)

Sensex: We said, "Supportive action can gain momentum if Index trades strongly above day's high of 9087. Failure to do that would lead to lackluster trading." Index failed to trade above 9087. Lackluster trading saw it lose a marginal 35 points. Realty Index lost more, down 4%. A/D ratio also ended marginally negative.

The action formed another Doji-like pattern near the Red resistance line and 61.8% correction level. It indicated bulls struggling at technical resistances, but not yet giving up. Holding day's low at 8867 and/or trading above 9K would both be +ve signs for bulls, who may attempt to challenge these resistances for the upper Grey channel.

To see full report: DAILY CALLS 230309