LiveMint reported buy calls by Anand Rathi analyst Ganesh Dongre on three Indian stocks, alongside Nifty 50 levels that outline his conditional view of the benchmark after its latest session decline.
The outlet listed Redington's buy price at ₹350, with a target of ₹380 and a stop-loss at ₹340. For Aster DM Healthcare, it reported a buy price of ₹720, a target of ₹760 and a stop-loss of ₹710. Canara Bank's reported levels were a ₹130 buy price, a ₹140 target and a ₹125 stop-loss. LiveMint's Nov. 15 article did not give a time horizon for the prices.
Dongre's Nifty 50 view was conditional: LiveMint reported that he saw the outlook as positive while the index held above 25,000. He identified 24,800–25,000 as support and said a close below 24,800 would make the technical picture less favorable. His next resistance zone was 25,500–25,600, the outlet reported.
The National Stock Exchange of India put the Nifty 50's Friday, Nov. 13, close at 25,144.30, down 155.05 points, or 0.61%. India's Department of Investment and Public Asset Management reported that the Nifty Bank ended that session at 61,034.10, down 0.79%.
