FCPO Daily: Remains sideways to higher

Market continue to inch higher after violated the immediate resistance at 2600-2620 levels convincingly. Market looks may extend its sideways to higher move in near term. To the upside, resistance is pegged at 2648 followed by 2667-2675 (gap left over on 7/1/2010). While, downside support is lies at 2606-2580 (gap left over on 17/2/2010).