>Daily Calls (ICICI Direct)

Sensex: We said, "protecting the low (10961) can appear as an attempt to hold the 31-day long Green support line." Index held 10961, with its low exactly at the Green line, and recovered as much as 400 points or 3.6% on the Settlement day. IT Index moved 5% higher. A/D ratio turned positive at 3:1.

The action formed a Belt Hold Line Bull candle, indicating bulls' attempt to hold the Green line. Its high was testing 3-week resistance near 11400-500. Trading above day's high of 11430 can encourage further bull effort to break the 3-week resistance. Failure in this regard would retest the Green line, which break below 11090.

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