Bank Nifty may continue down trend till 17100

Bank Nifty has been trading in down trend and trading in bearish channel respecting support and resistance except some false breakouts and continued in the same direction and also trading in consolidation in channel, In continuation to my previous analysis the call is continue till the target of crucial 50% fibo level somewhere between 17100-17000 in near term. traders may enter short bank nifty at cmp.