FCPO Daily: facing resistance at 2400 mark

Market facing resistance at 2400 mark after few attempts failed to stay firm above 2400 levels. Consolidation phase may extend in near term. We look for the immediate resistance at 2400-2414 followed by the 2427-2451 (gap left over on 9 Sept, 2008). For downside, support is at 2200 followed by 2151-2138.