Buy or Sell: Ganesh Dongre of Anand Rathi recommends three shares to buy on Monday - August 18, 2025

Ganesh Dongre of Anand Rathi recommends three shares to buy on Monday – Blue Star, PNB Housing Finance and Ashok Leyland. Buy or Sell: Ganesh Dongre of Anand Rathi recommends three shares to buy or sell on Monday, August 18, 2025: Last week, the Indian Equity criterion finished Nifty 50 with 1%, which was closed at 24,631, supported by positive CPI data from both India and the US major cap indexes. Nifty, weekly market prospects Nifty 50 on the technical front, slipped below the decisive 24,800 support level and expanded its decline to the 24,200-24,300 zone, with the 200-day EMA and the 38.2% Fibonacci circumference from the lows of 21.700. This zone now serves as a strong immediate support. Any positive trigger can lead to a short coverage rally to the 24,800-25,000 range. For the coming week, if Nifty continues above the 24,600 point, it will probably test 24,800 and 25,000. Options data indicates that the maximum call OI at 25,000, followed by 24,800, while the highest OI is seen on the side of 24,000, followed by 24,400, which highlights the most important levels for market participants. Bank Nifty on the Bank Nifty Front, the index maintained its immediate support at 55,000 for two consecutive weeks, with resistance to 56,000 that is of the utmost importance for the short term. Conclusion on a broader timeframe, Nifty and Bank Nifty closed the week among their respective monthly support levels-24.800 and 56,000-which has a short-term sentiment continuation. For the coming week, the most important support of Nifty lies in the 24,200-24,300 series with 25.200 resistance, while Bank Nifty supports between 54,000 –53,500 and is resistant to 57,000. In general, although the broader tendency remains cautiously optimistic, a decisive exposition above resistance levels will be essential to confirm the resumption of upward momentum, and traders are advised to remain careful while detecting global clues and geopolitical developments. Weekly shares to buy or sell Buy Blue Star at £ 1780-1790; Stop loss at £ 1860; Target price of £ 1740. Buy PNB housing financing at £ 765-770; Stop loss at £ 790; Target price of £ 757. Buy Ashok Leyland at £ 120-121; Stop loss at £ 126; Target price of £ 116. Disclaimer: The views and recommendations above are those of individual analysts, experts and brokerage companies, not of currency. We advise investors to check with certified experts before making any investment decision.