>Daily Calls (ICICI Direct)

Sensex: We said, "bear candle with upper shadow indicates hesitation ... But it doesn't indicate breakdown ... Holding 9400 can encourage positive efforts ..." Index held 9400 to encourage positive efforts, and closed 2% higher. Realty Index outperformed with 6.3% gain. A/D ratio also turned positive at 2:1.

A day prior to settlement, action formed an Engulfing Line Bull candle, which, however, is re-testing resistance at the upper Green channel and previous high. On the Settlement day, looks positive above 9706 with caution at higher levels. Things can turn volatile on settlement day, though trend remains positive within rising channel.

To see full report: CALLS 260309