Defence stocks under pressure, bottom-fishing risky for now: Anand James of Geojit
Defence stocks continue to remain under selling pressure, with technical and derivative indicators pointing to sustained weakness rather than an immediate turnaround. Anand James, Chief Market Strategist at Geojit Investments, cautions that while the sector is attempting to build a base, bearish signals on higher timeframes and heavy call writing suggest bottom-fishing may be premature … Read more