As we can see both NIFTY and BANKNIFTY has reached its all time high now as we analysed in previous analysis and hence despite the strong opening BANKNIFTY maintained itself and took itself for its new high! despite the recent new high we can see it closed below 44500 which is also a psychological level which can potentially act as a RESISTANCE now hence till 44500 is protected we can see BANKNIFTY retracing from here now