BANKNIFTY has a support at 44116-44078, but BANKNIFTY is on first wave of minor structure that can retrace to the level of 44241-44344 and drop back to the level of 43963-43955. first buying can be plan in this level with the slop loss of 30 points (43930), on dropping below this level BANKNIFTY can see 43722 and look for bounce back.
On higher side, if BANKNIFTY could trade above 44344, buying should consider with SL of 44241 for the target of 44680/44827
On higher side, if BANKNIFTY could trade above 44344, buying should consider with SL of 44241 for the target of 44680/44827