Anand James of Geojit Investments sees potential for Nifty to hit 25,000, though warns that a drop below 24,280 may signal weakness. He expects defence stocks to sustain gains post-pullback and suggests buying Sonata Software, Sumitomo Chemicals, and Medanta on dips. Smallcaps remain under pressure, but a minor correction could reignite buying interest.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 15, according to stockedge.com’s technical scan data.
May 16, 2025