Nifty trying to break free form a long term down trend 16277 can be a resistance which will take some doing to cross. if it is crosses the next resistance will be at 16498 and 16796. Support for Nifty is at 16135, 16033 and 15993. Good going so far the greatest thing today is that the rally is lead by the most laggard index off late that is the IT index. Things will start to look good if Nifty closes above 16150 today..