Archive · 29 Jun 2025
Indian Markets Breakout; Analyst Recommends Buying SBI, Tata Chemicals, and National Aluminium
The Indian stock market had a good week, breaking through some key resistance levels.
This happened because of less tension in the world.
The main market index, Nifty 50, went up.
Another important index, Bank Nifty, also rose.
An analyst suggests buying stocks from SBI, Tata Chemical, and National Aluminium Co.
If the market keeps going up, the next targets for Nifty are around 26,000, and Bank Nifty is at 58,500.
Indian equity markets experienced a significant breakout, driven by reduced geopolitical tensions.
Nifty 50 closed at 25,637, breaking the 24,500–25,200 resistance range.
Bank Nifty also broke out, closing at 57,443, exceeding the 56,000–57,000 resistance.
Ganesh Dongre recommends buying SBI, Tata Chemical, and National Aluminium Co.
Immediate resistance for Nifty is at 26,000, and for Bank Nifty at 58,500.
- Who
- Ganesh Dongre, along with overall market analysis.
- What
- Indian equity markets saw a breakout, and analyst recommends buying three stocks.
- When
- The breakout occurred this week, with recommendations published on June 28, 2025.
- Where
- India
- Why
- Driven by breakout from consolidation, and reduced geopolitical tensions.
- Nifty 50 Close
- 25,637
- Bank Nifty Close
- 57,443
- Nifty Resistance
- 26,000
- Bank Nifty Resistance
- 58,500
- SBI Buy Range
- ₹800-805
- Tata Chemical Buy Range
- ₹930-940
- National Aluminium Co Buy
- ₹185-190