BANKNIFTY VIEW

If market opens gap down and breaks 46500 downwards then panic selling will come, as per the Option chain data at 46800 there are more the 5l people sitting to hold market above 46800 and if market breaks 46500 level they all will cut their positions to save themselves from loss and heavy fall will come.

If market does not open gap up or down then wait to break previous day high or low, as per current market sentiments it's Bullish Trend so go with the flow if it breaks the high of previous day,(look for price action)
plan to sell(put) only if 46500 breaks...