BANKNIFTY had been sideways throughout the day and gave a closing at very crucial area which is around 37300-37400 which is also a well tested demand zone and hence if BANKNIFTY opens gap down we can see this level to act as a good resistance! We can see a good downfall till 36800 being a final demand zone which has been tested multiple times and hence if 36800 is broken down we can see a bigger downfall till 36300 ! No buying position as FII’s has been selling since last few weeks now