NIFTYBANK - Bears with Gun at the bank

Nifty bank, bulls held hostage at Gun point by the bears. The break if it happens breaking the 200 DMA would be severe here and hence the strong statement of the day. Failure to hold the gains and subsequent move down suggest we are all set to break 36400 and head towards the 35000 area. That is a lot considering the fall has been steep. Will it be different, does not appear to be so at this point of time. Again fresh shorts it would be tough as Risk is way high where as Reward appear easy. Remain bearish bias below 37800 close towards 35500. Close below 36800 warns of such move.