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The consecutive occurrence of long legged Doji candlestick formations in a row is a concerning sign. Though it displays a strongcomeback from the bulls from the support but the size of bodies too indicates tepid conviction & indecisiveness amongst most of themarket participants. With the price trending above its 5- & 20-days EMA with its trend strength indicator RSI moving above57isstill adependable sign of continued strength. The breakout above 19560-19600 cluster would require further strength to unlock strongbullishdirectional momentum. The 19600-19700 hurdle may see some initial profit booking but the support has been shifting higher at 19400which looks confident & hence any marginal declines too should be utilised to add longs positions with a suitable hedge. Tradersshouldgive away their hedges once the index starts trending above 19700 while any declines should be utilised to add further positionswithananticipation of clear breakout on the upper side to sustain above 19700 in the coming days ahead

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