on Std Param, Price below tenkensen and closed above kijun. Underlying cloud lines shows gradual uptrend.
on Short Param, Price below tenken and kijun. Span A & B line at 11450 and 11090. Oscillators in OS and weekly shows uptrend may pick up soon.
Daily
on Std. Param, Bearish tenkensen / kijun crossover effect from November 22 continues flat. Further price closed below kijun and clouds on Dec 06, 2010. Down trend continues without any indication for resuming of uptrend. Cloud lines show flat range moves.
on Short Param, bearish tenken / kijun cross continues. Chikou span trending up. Oscillators neutral.
Overall, Bank Nifty may continue to be in range bound movement with uptrend picking up during week closing onwards...
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