If we are not closing above 32500 by close of play today then in downside, the first target would be 31687 and their 30921 and it may go little deeper for 100-200 pts and there is no upside movement till T2 is achieved. Its bcos the smart money wants to shave out all the loose hands and then the market will come to the same rate of 34500 in next month but not this month. The volatalily is going to spike like anything.