Nifty Bank may see some correction with 24,900-25,000 being the psychological support zone.
The Nifty is expected to hold on to the support zone between 10,200 and 10,250. A relief rally may take the index up to 10,500, believes Rajesh Satpute, Associate Director - Research, LFS Broking Pvt Ltd.
He added that Nifty Bank might rebound from 240,000 - the zone hwhich acted as critical support - to 25,200. Nifty may face mild resistance in the 10,500-10,550 zone and is expected to consolidate between 10,400 and 10,550 before advancing to the next target, Satpute said.Nifty Bank may see some correction with 24,900-25,000 being the psychological support zone. This rally should be used to liquidate stuck long positions. It could also be used as bargain hunting for short-term momentum players.