Anand Rathi's Ganesh Dongre Identifies Three Stocks to Consider for Monday, May 25, 2026
Indian Stock Market Closes Higher on Friday Amid Global Geopolitical Developments
The Indian stock market closed higher on Friday, driven by gains in banking heavyweights such as ICICI Bank, HDFC Bank, and Axis Bank. Benchmark indices stayed in the green throughout the session, although upside was limited due to elevated crude oil prices and growing inflation concerns, which raised fears of possible monetary tightening.
The Sensex settled at 75,415.35, gaining 232 points or 0.31%, while the Nifty 50 closed at 23,719.30, up 65 points or 0.27%. The NIFTY 50 closed at 23,719, gaining 0.32% on a weekly basis, while the NIFTY Bank ended at 54,055, up 0.64%.
Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, noted that the Indian equity markets witnessed a range-bound yet positive week, reflecting cautious optimism among investors. The market outlook for next week is highly sensitive to global geopolitical developments, particularly updates related to the ongoing US-Iran discussions.
Global Risk Appetite and Market Sentiment
| Market Index | Weekly Gain | Previous Week's Close |
|---|---|---|
| NIFTY 50 | 0.32% | 23,719.30 |
| NIFTY Bank | 0.64% | 54,055 |
The coming week is expected to be crucial as traders and investors closely monitor global cues, institutional activity, and macroeconomic developments. Dongre advised market participants to remain selective in stock picking, maintain disciplined risk management practices, and stay alert to news-driven volatility.
Technical Outlook
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On the technical outlook, Dongre noted that the Nifty continued to trade within the broad range of 23,300–24,000. Repeated profit booking at higher levels restricted upside momentum, causing the index to close slightly below intraday highs, although it managed to sustain above the crucial 24,000 resistance zone during the week.
| Support/Resistance Zone | Nifty 50 |
|---|---|
| Immediate Support | 23,000–23,300 |
| Resistance Area | 24,000–24,300 |
The broader weekly structure remains constructive, supported by a pattern of higher lows that reflects underlying buying interest. A sustained move above 23,800 would be important for confirming trend continuation and could open the path towards the 24,500 level, thereby strengthening bullish momentum further.
Weekly Stocks to Buy or Sell
- Hindustan Zinc: Buy at ₹630, target price of ₹655, stop loss of ₹615.
- Max Healthcare Institute: Buy at ₹1020-1030, target price of ₹1070, stop loss of ₹990.
- HDFC Bank: Buy at ₹765-770, target price of ₹800, stop loss of ₹750.
Investor Takeaway
Consider buying banking heavyweights such as ICICI Bank, HDFC Bank, and Axis Bank.
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