Nifty Rebounds, One-Sided Decline Ending: Experts Advise Staying Long

• Indian markets saw a strong recovery, with Nifty gaining 250 points and Bank Nifty over 350 points, driven by hopes of FII tax relief in the Economic Survey.
• Metal stocks surged, with the metal index reaching a new peak; Nalco, NMDC, Hindalco rose 2-4%, and Hindustan Copper jumped over 40% in two days.
• Defense stocks experienced profit booking, while Auto, Consumer Durables, and FMCG sectors declined by up to 1.5%.
• Anuj Singhal of CNBC-Awaaz noted Nifty and Bank Nifty reversed from buying zones, indicating an end to the one-sided market decline.
• Strategy for Nifty: Stay long, adjust stop loss to 25,200; for Bank Nifty: Stay long with a new stop loss of 59,500, targeting all-time highs.

Why It Matters: Market shows signs of recovery, experts recommend staying long on Nifty and Bank Nifty with adjusted stop losses.