NIFTYBANK - BULLS U-CRYINE MOMENT

Nifty bank - bulls get the maximum pain in min space. The fall is sharper and takes away the recent stronger bias off the table. Close below 37200 inflicts the wounds larger. Any rise now would be opportunity for the bulls to trim, while bargain hunting can be expected around the 36400 area. That clearly sets the new range 36400-37400. Nifty bank has peculiar habit of moving in 1000 points either way and this has been its behavior in many months to come while individual spaces, some have hit new high while others low. This would mimic the broader market and bulls would remain edgy till sanity returns elsewhere. Suffice to focus on this range. Remain light.