As we can see though BANKNIFTY opened weak, it showed some strong recovery in the first half but ended up sideways after getting rejected from the psychological level of 38000! it is good to see that the trendline is still being respected and hence unless the trendline is broken below we cannot decide for new selling position, if opens gap down then again we can see BANKNIFTY reacting from 36600-36850 as this had been the neckline of the inverted head and shoulders pattern and can act as a good support