NIFTY -BULLS RISING THE BAR

Nifty bank helps the overall sentiment in check while taking the lead role to hold the main index in further deterioration. Bulls held on to the open mayhem and took that as opportunity. One more time the PSU Bank pack did very well and appears to continue the momentum for some more time. This can lift the whole PSU Boat. Places like Can, PNB, BOI are worth considering. For the day 38200 close is vital (infuses more hopes to pierce the recent high) while supports around 36600 one more time gets activated Play 36600-38300 bias to buy dips.