Banking, defence could lead next market rally as Nifty eyes 25,000: Rohit Srivastava

Analyst Rohit Srivastava of Strike Money Analytics remains bullish on the market, citing Nifty support at 23,800 with a near-term target of 25,000. He expects banking and defence to lead the next leg of the rally, with Bank Nifty targeting 61,000 from support near 59,956 and the Nifty Defence Index heading towards 10,700-10,800. He views the recent two-day pullback in defence as a buying opportunity and specifically recommends GRSE (Garden Reach Shipbuilders).