Expect Bank Nifty to correct by 5,000 points to about 20,500: Sushil Kedia of Kedianomics

Sushil Kedia, founder of Kedianomics, believes that Nifty bank is extremely overbought and expects it to correct by 5,000 points to around 20,500.

On Nifty, Kedia says if Nifty doesn't get past 11,900, it could retest the levels of 11,300.