Rohit Srivastava: Market 'extremely oversold,' bounce imminent

• Rohit Srivastava states the market is extremely oversold, expecting a short-term bounce after heavy selling in small and midcap stocks.
• Nifty's major support is around 25,800–25,770; a bounce is likely if this range holds.
• After the rebound, Nifty sustaining above its 20-day moving average will be key for restoring confidence.
• Interest-rate-sensitive sectors like financials, autos, and metals are expected to drive the rebound, with private banks showing resilience.
• Despite significant drops, EMS, defence, and PSU stocks offer good long-term investment opportunities on declines.

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