Nifty in Uptrend: Excellent Opportunity for New Long Positions Despite Market Volatility

• Nifty fell over 100 points from its peak, trading near 25650, pressured by Infosys, Hindalco, ONGC, and ITC.
• IDFC First Bank plunged up to 20% intraday due to a Rs 590 crore fraud report, despite management clarification.
• IT stocks continue to decline, with Nifty IT down 1.5% after Jefferies' negative report lowered targets.
• HAL dropped over 4% following reports of another Tejas jet crash, impacting other defense stocks.
• Experts suggest Nifty is still in an uptrend; a close above 25650 is positive, and 25700 could signal a new rally.