Could BANKNIFTY hold itself above 38000..?

As we can see BANKNIFTY closed above 38000 but facing multiple rejection from these levels, there are multiple reasons i am expecting banknifty to show a significant correction before it countinues its uptrend

Firstly banknifty had been in uptrend unidirectionally from 35000 levels and it covered almost 3000 points without any significant retracement or profit booking

gettung rejection from round level or a psychological level which is also a reactive zone