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Occurrence of a ‘bullish marubozu’ candlestick pattern formation alongwith a positive crossover in its 5 & 20 days EMA is a sign of incremental strength. The sequence of bullish formations in a row viz.. the recent ‘Dragonfly Doji’ which occurred post the exhaustion gap which reassured support strength around the 19440 was followed by a Spinning top & now a ‘Bullish Belt hold’ or ‘Bullish Marubozu’ are convincing signs of elevation of base from 19200 towards 19500. The immediate hurdle on the upside remains intact at 19840; once above the same the index could surge towards 20100 (BreakAway Gap Resistance Zone). Derivative data indicates upward shift in immediate bounds to 19750-20000 for the final leg of the expiry while elevated support zone rests at 19600.Leverage longs could be held until 19440 is not breached from hereon while further aggressive additions to be considered even on declines from here on which could be reviewed once around 20100 zone.

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