Nifty's 25K breakout has more legs, smallcaps signal risk-on mood: Geojit's Anand James

Nifty's breakout above 25,000 signals strong momentum, though many stocks remain below past peaks. Smallcaps show broad strength, defence stocks may see short-term fatigue, and banking looks bullish on strong cues. Stock-specific moves in Adani Green and Jindal Steel are favored, while IT may undergo consolidation before the next rally.