“Anand James notes that the Nifty Defence Index is consolidating after a strong uptrend, hovering near a supply zone of 8,000-8,050. He suggests a decisive breakout above 8,150 is needed for a short-term move towards 8,350-8,450, with support at 7,750-7,800 crucial for sustaining medium-term strength, as momentum indicators show mild improvement.”

Anand James’s track record (trackable calls only): 4 graded calls · 95% CI 0–49%