: Daily Market Outlook : 16th January, 2008 (Wednesday)

YESTERDAY MARKET BROKE IMPORTANT SUPPORT LEVELS

AND THE SHORT TERM TREND IS NEGATIVE.

MARKET IS IN A DOWNWARD MOMENTUM AND IT WILL CONTINUE UNTILL

IT FINDS STRONG SUPPORT.

STRONG SUPPORT FOR NIFTY EXISTS AT 5942-5881.

FOR SENSEX MAJOR SUPPORT IS SEEN AT 19740-19587.

SENSEX RESISTANCE AT 20530-20679-20959. SUPPORT AT 20077-19587-19212.

NIFTY RESISTANCE AT 6112-6262-6314. SUPPORT AT 6016-5942-5881.