FCPO Daily: in range trading

Market stuck in range bound mode after the recent sell down to 2-year low. Looks may extend its range trading in near term. We currently look for the support at 1593 while upside resistance is at 1727-1734 (gap left over since 15 Oct, 2008)followed by 1798-1825 (gap left over on 14 Oct, 2008).