After a drop form Wave 5 (major), BANKNIFTY is trying to move upside for Wave 2 (intermediate)
So if BANKNIFTY opens higher above 43750 and hold, it can trade to the level of 43840-43933 and sustaining above 43950 it can move to the level of 44211 where it can face resistance at WAVE 2 (intermediate) and pull back to 44000-43900
if prices opens gap down below 43480 and faces rejction at 43500-43492 prices might see a drop to the level of 43390 - 43254, where should look for buying opportunity with SL of 50 pionts
So if BANKNIFTY opens higher above 43750 and hold, it can trade to the level of 43840-43933 and sustaining above 43950 it can move to the level of 44211 where it can face resistance at WAVE 2 (intermediate) and pull back to 44000-43900
if prices opens gap down below 43480 and faces rejction at 43500-43492 prices might see a drop to the level of 43390 - 43254, where should look for buying opportunity with SL of 50 pionts