NIFTYBANK - BULLS NEW "BHOGI" - EXPIRY HURDLE?

Nifty bank bulls continue to punch their way higher. With expiry on the way 39000 is the hurdle to pass while 38000 is the base. Ideally this is the floor and cap for the day. Even the major Index mimicking the same story. However one move below 39140 is what one can look for while the base around 38200-400 on close basis is in tact. This is completely a corrective and last baton of the bears and hence some fight on expiry day one can anticipate. 38900-39100 zone to hold 38500 supports is the range bias little profit taking.