Despite a firm regional mkt, our mkt saw early sell off and recovery was shortlived as selling persisted in the PM after HS trimmed gains. Earlier, falling commodities prices put pressure to our mkt, some blamed the worsening flu situation. Later, technical related selling dragged price bearish zone in the near term-below 1050.The mkt seems buyer-less. Could it be that players are looking at 1000 already? We have to look out for price action near 1030 strong support lvl first before anticipating 1000. 1000's wish may come true if commodity continues to fall while renewed major technical selling is seen below 1030.
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