FCPO Daily: Range trading

Market continue to move in tight rangy mode and trade in between 2600 to 2528 levels. Thus, a break out of the either one may provide a clearer direction to the market. As for now, immediate upside resistance is pegged at 2600 followed by 2630-2640. While, downside support is pegged at 2545 followed by 2528-2523 (left over gap since 8/2/2010).