Option reading index is (-) 2.98 which is down from last trading day figure of -3.07 indicating narrow range movement. Expectation is normal trading range day.
Ichimoku Std Param
Price again back into clouds. Uptrend face resistance at Tenkensen 5883 and at 6014.42. Span B at 5948.85. Span A is far off at around 6110 levels. Oscillators indicate start of short uptrend.
Ichimoku Short Param
Price / Tenkensen Cross facing resistance at 5946.42. Bearish Cloud cross on Dec 06,2010. Flat Span B line indicating range bound till such time. Oscillators signal short term buy.
Overall, the current move is short term in nature and hence trade with caution.
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