FCPO Daily: Range trading likely to continue

Market fully covered the upside gap at 1815-1825 and stayed firm. Market looks to extend its range bound mode in near term. We look for the downside support at 1798-1790 (gap left over on 4/2/2009) followed by 1720. While, upside resistance is at 1870-1880 followed by 1913-1935 (gap left over on 13/1/2009).