{"id":186594,"date":"2025-06-15T14:51:11","date_gmt":"2025-06-15T14:51:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/186594\/"},"modified":"2025-06-15T14:51:11","modified_gmt":"2025-06-15T14:51:11","slug":"buy-or-sell-ganesh-dongre-of-anand-rathi-recommends-three-stocks-to-buy-on-monday-16-june-2025","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/186594\/","title":{"rendered":"Buy or sell: Ganesh Dongre of Anand Rathi recommends three stocks to buy on Monday \u2014 16 June 2025"},"content":{"rendered":"

Buy or Sell:<\/strong> This week, Indian equity markets witnessed notable profit booking towards the end, largely influenced by escalating geopolitical tensions between Iran and Israel<\/a>. After consolidating within the 24,500\u201325,200 range, the Nifty ended the week with a modest decline, closing 368 points lower at 24,718.\u00a0<\/p>\n

Also Read<\/strong> | Sensex, Nifty 50 fall 1% for the week; can the correction continue?<\/a><\/p>\n

Despite the global uncertainty<\/a>, Nifty managed to hold above the key 24,500 support level, demonstrating resilience. However, market volatility surged sharply, with the India VIX rising by 8%, closing at 15.08 for the week.<\/p>\n

In our previous outlook, we highlighted the 25,200\u201325,300 zone as a crucial technical resistance area. This zone corresponds to the 78.6% Fibonacci retracement of the broader market<\/a> correction and remains a significant barrier for bullish continuation.\u00a0<\/p>\n

Also Read<\/strong> | Upcoming IPOs: 1 mainboard, 5 SME IPOs to hit D-Street next week<\/a>Technical Analysis<\/p>\n

Technically, as long as the index sustains above the 24,000\u201324,500 range, which aligns with the 50% retracement zone, the market undertone remains strong.<\/p>\n

A breakdown below 24,000 could signal a potential short-term top. Conversely, consistent closing above the 24,000\u201324,500 zone on a weekly and monthly basis would strengthen bullish prospects, opening the path toward the 25,600 level in the coming weeks.<\/p>\n

A sustainable breakout above 25,200\u201325,300 remains essential to trigger a fresh leg of bullish <\/a>momentum. Until then, a cautious and stock-specific approach is advised, especially given the heightened geopolitical risk.\u00a0<\/p>\n

Also Read<\/strong> | Stocks to buy under \u20b9200: Mehul Kothari recommends three shares to buy<\/a>Bank Nifty Outlook<\/p>\n

Bank Nifty<\/a> also faced selling pressure, declining by approximately 2% over the week. The index closed near its key support level at 55,500. Immediate support is now placed at 55,000\u201354,800, which aligns closely with the 100% retracement level of the recent move, while resistance is observed near the 57,000 mark.<\/p>\n

Looking ahead, if Bank Nifty manages to hold above the 55,000 level, a recovery towards 57,000\u201357,500 is possible. However, unless a strong breakout and close above 57,000 is seen, traders should maintain a cautious stance.<\/p>\n

Conclusion<\/p>\n

Both Nifty and Bank Nifty have managed to close above their respective monthly support levels \u2014 Nifty: 23,600 and Bank Nifty: 54,000<\/p>\n

However, immediate resistance at 25,200\u201325,300 for Nifty and 57,000 for Bank Nifty will play a pivotal role in defining the near-term trend.\u00a0<\/p>\n

Also Read<\/strong> | Stocks to buy under \u20b9100: Sumeet Bagadia recommends 3 shares to buy on Monday<\/a>Stocks to Buy\u00a0<\/p>\n

1. Bharat Electronics Ltd (BEL):<\/strong> Buy at \u20b9390-395; Target Price at \u20b9420; Stop Loss at \u20b9375.\u00a0<\/p>\n

2. CESC Ltd (CESC):<\/strong> Buy at \u20b9163-164; Target Price at \u20b9180; Stop Loss at \u20b9156.\u00a0<\/p>\n

3. Indian Bank Ltd (INDIANB):<\/strong> Buy at \u20b9620-625; Target Price at \u20b9650; Stop Loss at \u20b9610.\u00a0<\/p>\n

Disclaimer:<\/strong> The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"Buy or Sell: This week, Indian equity markets witnessed notable profit booking towards the end, largely influenced by…\n","protected":false},"author":2,"featured_media":186595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[76532,76533,76529,51,76530,76534,76535,76536,76537,76531,3128,2441,3130,977,3300,76539,76538,76540,16,15],"class_list":{"0":"post-186594","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bank-nifty","9":"tag-bank-nifty-outlook","10":"tag-bharat-electronics-ltd","11":"tag-business","12":"tag-cesc-ltd","13":"tag-ganesh-dongre-stock-picks","14":"tag-ganesh-dongre-stock-recommendations","15":"tag-ganesh-dongre-stocks","16":"tag-ganesh-dongre-stocks-to-buy","17":"tag-indian-bank-ltd","18":"tag-indian-stock-market","19":"tag-markets","20":"tag-nifty","21":"tag-stock-market","22":"tag-stock-market-news","23":"tag-stock-recommendations","24":"tag-stocks-to-buy","25":"tag-stocks-to-buy-tomorrow","26":"tag-uk","27":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114687946455120168","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/186594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=186594"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/186594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/186595"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=186594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=186594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=186594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}