Ganesh Dongre of Anand Rathi Offers Stock Recommendations Amid Market Fluctuations
Buy or sell: Ganesh Dongre of Anand Rathi recommends three stocks to buy on Monday - 6 April 2026
Mint
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Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, recommends buying Ashok Leyland, Asian Paints, and Kaynes Technology India as the Nifty 50 attempts to stabilize around critical support levels. The market sentiment remains cautiously optimistic as indices show mixed performance amid rising crude oil prices.
- 01Nifty 50 closed at 22,713.10, up 34 points or 0.15%.
- 02Ganesh Dongre predicts critical support at 22,000 for Nifty 50.
- 03Recommended stocks include Ashok Leyland, Asian Paints, and Kaynes Technology India.
- 04Bank Nifty ended the week down 1.39%, with support at 49,500.
- 05Traders advised to monitor global cues for clearer market direction.
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On April 2, 2026, the benchmark equity indices, Sensex and Nifty 50, extended their gains, with the Sensex rising 185 points to close at 73,319.55. The Nifty 50 also saw a modest increase, closing at 22,713.10. Despite this, the Nifty 50 has experienced a six-week losing streak, declining approximately 0.50% weekly. Ganesh Dongre from Anand Rathi highlighted that the Nifty is trying to hold near its previous monthly low of 21,700, with 22,000 being a crucial support level. He anticipates a potential recovery toward 23,400–23,800 if this level holds. For Bank Nifty, support is seen in the 50,000–49,500 range, while resistance stands at 52,000–53,000. Dongre recommends a cautious trading strategy and suggests buying Ashok Leyland at ₹145-150 with a target of ₹165, Asian Paints at ₹2160-2170 with a target of ₹2240, and Kaynes Technology India at ₹3530-3550 with a target of ₹3620.
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Investors looking to buy stocks should consider the recommendations from Ganesh Dongre, which may lead to potential gains in their portfolios. Monitoring market conditions is crucial for making informed decisions.
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