Archive · 24 Aug 2025
Market Analysis: Nifty Up; Ganesh Dongre Recommends Stock Buys
The stock market had a good week, with the Nifty 50 index going up.
This was because the government is planning to change how taxes work, which made investors happy.
The Nifty has important support levels where it could bounce back up, and resistance levels where it might face difficulty going higher.
Bank Nifty, another important index, also has key support and resistance levels.
One analyst, Ganesh Dongre, suggests buying stocks from Patanjali Foods, Prestige Estates, and Redington, setting specific prices and stop-loss levels to manage risk.
Nifty 50 closed the week higher at 24,870, up 0.80%.
The market gained due to positive sentiment from the government's plan to rationalize GST rates.
Nifty has support at 24,300-24,400, and potential resistance at 25,200-25,500.
Bank Nifty holds immediate support at 55,000, with resistance at 56,000 and 57,000.
Ganesh Dongre recommends buying Patanjali Foods, Prestige Estates, and Redington.
- Who
- Ganesh Dongre recommended stocks; investors and traders are involved.
- What
- The stock market gained, with the Nifty 50 increasing and analysts recommending specific stock purchases.
- When
- The Nifty 50 closed the week, with recommendations for purchases on August 25, 2025.
- Where
- The Nifty 50 index and stock recommendations are in the Indian market.
- Why
- The market rose due to positive sentiment from government plans and technical analysis.
Market Optimism
Cautious Trading
Market Trend
Market Optimism
Overall, the market retains an optimistic undertone.
Cautious Trading
A decisive breakout above resistance levels will confirm upward momentum
- Nifty 50 Closing
- 24,870
- Nifty 50 Weekly Change
- 0.80%
- Nifty 50 Support
- 24,300-24,400
- Nifty 50 Resistance
- 25,200-25,500
- Bank Nifty Support
- 55,000
- Bank Nifty Resistance
- 56,000, 57,000
- Patanjali Foods Buy
- ₹1800-1810
- Redington Buy
- ₹242-244