If banknifty fut face resistance at 39350 then one can take short banknifty. Target-39275,39160, 39130. This zone is very good support zone. If 39130 is break in the downside then free fall is expected till 38850. Banknifty should not break 38200. Banknifty is trading in very narrow range. but Pralay is coming. It should made new all time high..