Already a Significant rally in Banknifty from 2 month, now their are Gujrat election ahead and USA CPI data, So here we may see a short retracement from its high to its fabonacci support 42240 and if it crosses then we can see a sharp rally till 44900 in December. The indicators show very bullish indication, RSI is above 50, market breath is above 75% it all depends upon the Gujrat election polls, if it came under BJP favour then Boom 44900 in December or may be even higher 46000.