FCPO Daily: 2500 mark helped to cushion the downside momentum

Market remains under pressure following a formation of head and shoulder. However,2500 mark had helped to cushion the downside momentum. Thus, market may move sideways in near term. As for now, we are looking for the immediate upside resistance at 2600-2610 followed by 2650-2665. To the downside, immediate support is pegged at 2525-2500.