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.