IT rally a dead cat bounce, ferrous metals and defence look promising: Nischal Maheshwari

Indian markets show signs of life, but expert Nischal Maheshwari urges caution. He sees a dead cat bounce in IT stocks and advises against chasing short-term gains. Green energy and export stocks are highlighted as long-term opportunities. Ferrous metals and defence sectors also present attractive prospects. Investors should be selective and focus on real earnings support.