the level of 58 played a crucial role in Andhra bank. Initially it acted as a resistance then broken, and gave support in couple of instances, Now as it is broken and price retraced to this level, now it should act as a resistance.
If this crucial level is saved then price may slide down to 54 - 53 levels.
Note: this is not a short selling advice, as fno trading is quite risky.
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andhra bank sliding down, closed at 50.90.
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In weekly, it is at trend line support,
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price reversed from the trend line support in weekly, and moving up smartly,