FCPO Daily: Holding ground

Market was holding ground to stay above 2500 levels in rangy mode. Thus, market may extend its sideways to higher move in near term. To the upside, immediate resistance is pegged at 2570-2572 (gap left over at 12/1/2010) followed by 2600-2605 levels. To the downside, immediate support is lies at 2542-2523 (gap left over on 8/2/2010) followed by 2480 levels.