Pause in rally in banking stocks?

The rally in banking stocks might be heading for a pause if the expiry data are anything to go by. The Bank Nifty rollover data are below their past average, both in terms of open interest and percentage terms. Also, most of the long positions formed in the past series are now out of the system, said experts. Analysts now suggest traders should avoid forming fresh longs in the Bank Nifty, as it is nearing its resistance zone of 19,100-19,300. The index has gained about 37 per cent in the past five months.