So what's the trade? Well, wait for the lows towards 1300 for a buy if everything else remains same. Here everything else means the general mood and conditions for equity markets to either flourish or survive !
Should there be any scenario where it can plummet down into the abyss testing the next major support near 1000? ;) You never know ! And someone who has the plan to reap the rewards of a equity plunge that far will certainly reap the millions in near future, wouldn't he? :)