Short trade on Bank Nifty

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Short trade on Bank NiftyNifty Bank IndexNSE:BANKNIFTYdrivenbydataAfter weak earning's reported by major private banks, the outlook on Bank Nifty shifts on the bearish side. A short trade with SL of 58300 can be taken for downside target of 57000 and 56800 respectively. A breach of crucial support, 57400 should accelarate the fall.