“The downswing that we have been playing since approaching 20,200 last Friday appears to have reached a point which could either see a reversal or a substantial rise in downside momentum. We are inclined to play the former, aiming 19,950 initially, but the inability to push beyond 19760 or an outright fall below 19,600-19, 550 region, could force us to pursue the latter, aiming 18,600. The odds of such a collapse are low, but it is a possibility, nevertheless,” said Anand James, Chief Market Strategist at Geojit Financial Services.