Dec 7, 2010

Premarket View - 07.12.2010

Option reading index is (-) 4.22, rise from last trading day figure of (-) 2.34 indicative of strong buying support. Expecting Nifty touching two standard deviation range.  High volatility day. 




Ichimoku - Std Param
Uptrend is on. Price is trying kijunsen cross and Kumo breakout. Flat Span B indicate range bound movement with high volatility.
Ichimoku Short Param
Possibility of correction indicated by deep fall in Span B line with support around 5873 levels.

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