Nifty could fall further unless oil prices ease or Q2 earnings bring relief, says JM Financial analyst

Technical analyst Rahul Sharma of JM Financial Services says a close below 23,070 would confirm fresh lows for the Nifty, with 22,500 as the next support. He expects a "sell-on-rise" market to persist unless oil prices retreat or October earnings surprise. His picks include Divi's Labs, Laurus Labs, Eternal, Tata Steel and RBL Bank.
Affected stocks
Neutral4 stocks
JM Financial
₹127.03
LAURUSLABS
—
TATASTEEL
—
RBLBANK
—
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns JM Financial (JMFINANCIL).
- Category: Results.
- Also mentions LAURUSLABS, TATASTEEL, RBLBANK.
Why it matters
A routine update for JM Financial. Use the price and stock snapshot to gauge how the market is responding.












