: 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.

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Speculative Scrips

Excellent Performance of our Last Recommendations:
(From Intra Day High Rate)

TCFC Finance (+4), Dalal St. Invest (+35), Neelamalai Agro (+2)

Funda - Picks

Superb Performance of our Last Recommendations:
(From Intra Day High Rate)


Natco Pharma (+2), Rajapalayam Mills (+10), Himadri Chemicals (+5),

Vakrangee Software (+30), LIC Housing (+13)

Technical Share

Extra ordinary Performance of our Last Recommendations:
(From Intra day High Rate)


VSNL (+7), ONGC (+3), Indian Hotel (+3), Educomp Solution (+90),

Tata Power (+14)

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