Option reading index is (-) 4.39, rise from last trading day figure of (-) 4.22 indicative of buying support. Expecting Nifty in normal range. It is my guess that even option writers are clueless and must be hedging at both extremes of bands which is resulting in such a high figure consistently. The standard deviation is gradually declining from 1.36 (22.11.2010) to 1.15 (07.12.2010). So break off from this range can be expected anytime.

Ichimoku Short Param
Resistance at Tenkensen 6004.58. Chikou Span turning sideways, Span B declining and finding support at Kijunsen 5879.