Market rebounded and recovered following prices found some cushion at around 2528 levels. However, more strength is still needed in order to change the current technical landscape. Thus, market may extend its consolidation phase in near term with immediate upside resistance is pegged at 2600 followed by 2630-2640. While, downside support is lies at 2545 followed by 2528-2523 (left over gap since 8/2/2010).
