BANKNIFTY is at crucial level of 38000 and seems stretched, from here there is tight space to move up and result season is almost over. There could be some retracement so advice would be to wait and watch for the direction in next few days before taking any trade or experienced traders can SELL it on Higher levels of 38500 or 39000 for target of 37500 - 37000 with strict SL of 39500.