NIFTY BANK - BANG BANG

Nifty bank, held its nerves during intra-day fall. Remains one of the favorite places to be long. Break of 39000 pushes towards 40000 plus target zone. Continue to favour this while the 37600 holding. There are less head winds to the down side than before. Repeated attempts to pierce down and the failure suggests that bulls to make this time to pierce this supply zone. This can be provided ammunition by the PSU pack and select Private Sector Banks. For the day longs with 38200 stop for 39200 works.