Market defended 2500 levels at the closing after tested the intra-day low at 2482. However, immediate daily technical outlook has losing its upward strength and looks may consolidate further in near term. For now, we are looking for the immediate downside support at 2480 followed by 2460-2445. To the upside, resistance is pegged at 2540-2550 followed by 2585-2598 (gap left over on 21/12/2009.
