BANKNIFTY couldn’t close below 37500, sign of REVERSAL..?

As we had been discussing since last few days that 37500 is very important demand zone and we can initiate buy position with small stop loss from here and as we can see though it tried to break below 37500 but it closed above 37500 showing strength

We would go by our analysis making new position from here as last day’s high is taken out for 200-300 points in intraday and over 1000 points positionally

We would only make new selling position if opens gap down and takes out last days low and for positionally one should wait for 37000 to break below and sustain