Ganesh Dongre Recommends DLF, PN Gadgil Jewellers, HPCL for Monday Buy

Dongre noted that the Nifty has entered an oversold zone on short-term charts, suggesting a potential technical bounce from current levels, with the June month low zone of 23,000–23,250 acting as key support. He advised traders to monitor this range closely, along with 23,800 as an important recovery level. For the Bank Nifty, he identified 55,000–55,300 as the key support zone and 56,500–57,000 as the resistance zone, warning that sustained trading below the 200-day EMA could prolong selling pressure.

Based on technical analysis, Dongre’s specific recommendations are: DLF to be bought in the ₹645–650 range, with a target of ₹680 and stop loss at ₹630; PN Gadgil Jewellers to be bought between ₹600–605, targeting ₹640 with a stop loss at ₹580; and Hindustan Petroleum Corporation Limited (HPCL) to be bought at ₹351–355, aiming for ₹368 with a stop loss of ₹346. He stressed that investors should remain cautious, track global cues, crude oil movements, and central bank commentary before taking aggressive positions. The disclaimer accompanying the advice stated that the views are those of the analyst and not of Mint, and that investors should consult certified experts before making investment decisions.