As you can see though BANKNIFTY had been falling since last 3 days and filled a gap till 37200, finally showed some strength after gap filling! further we can see it is still respecting the trenline shown below confirming the uptrend hence we will not make any new short position unless the trendline is broken below, one the other hand we can see further bull run above 38000 being an important psychological level which can act as a strong resistance hence our view would be bullish unless the trenline is broken below