Nifty Pathfinder 📊🧭

JMFS Technical Short Term: BUY BHEL @ 429.85 SL 416.55 TGT 450,460 Time Frame: 5-10 Days Refer disclaimer at https://tinyurl.com/ynb2cw63

🇮🇳 Happy Independence Day! “Work as if you live in the early days of a better nation!” This is one quote that has stuck with me recently. It reminds us that building a better India is not just about what we inherit, but what we contribute every day. May we cherish our freedom, honour those who fought for it, and work towards a stronger, happier and more prosperous India. Jai Hind! 🇮🇳

JM Technical Delivery Pick: BUY PARAS @ 1379 SL 1200 TGT 1800 Time Frame: 2 Months Refer disclaimer at https://tinyurl.com/ynb2cw63

In Kolkata for next 3 days

JMFS Technical Short Term: BUY PNB @ 118 SL 113.72 TGT 125,130 Time Frame: 5-10 Days Refer disclaimer at https://tinyurl.com/ynb2cw63

DIVISLABS HIGH OF 8674+ GIVEN AT 8505 YESTERDAY TRAIL SL TO COST AND RIDE TARGETS @ 8800/9000

8570

JMFS Technical Short Term: BUY DIVISLAB @ 8504.5 SL 8250 TGT 8800,9025 Time Frame: 5-10 Days Refer disclaimer at https://tinyurl.com/ynb2cw63

UPDATES: PAYTM ALL TARGETS OVERSHOT; STOCK IS UP 8.3% IN 1 DAY; BOOK 100% PROFITS LTM 4813++ STOCK IS UP 3.7% IN 2 DAYS; BOOK 100% PROFITS; HINDALCO 1060+ STOCK IS UP 5% IN 2 DAYS; BOOK 100% PROFITS UNIONBANK BOOK 100% PROFITS @ CMP 181 SHRIRAMFIN BOOK 100% PROFITS @ CMP 1125 ETERNAL SL TRIGGERED AT 309; EXIT POSITIONS BHARATFORGE SL TRRIGGERED AT 2190 YESTERDAY; EXIT POSITIONS

https://x.com/i/status/2086729702077812909

HIGH CONVICTION CALL REC UPDATE: SL TRIGGERED @ 345; STOCK IS DOWN 7.44%; EXIT POSITIONS

JMFS Technical Short Term: BUY GRASIM @ 3384.1 SL 3270 TGT 3650 Time Frame: 5-10 Days Refer disclaimer at https://tinyurl.com/ynb2cw63

PAYTM 1565+++ TARGET ONE DONE @ 1550 TARGET TWO APPROACHING AT 1600 💀💀💀💀💀💀💀💀

PAYTM KARO 1530++++ 💀💀💀💀

JMFS Technical Short Term: BUY VEDL @ 284.2 SL 277 TGT 300 Time Frame: 5-10 Days Refer disclaimer at https://tinyurl.com/ynb2cw63

LTM MOVES TO 4760+++ TRAIL SL TO COST PRICE AND RIDE GIVEN AT 4642 ON FRIDAY 🔼🔼🔼🔼🔼

JMFS Technical Short Term: BUY PAYTM @ 1486 SL 1421 TGT 1550,1600 Time Frame: 5-10 Days Refer disclaimer at https://tinyurl.com/ynb2cw63

Nifty Pathfinder | 10-08-2026   What mattered in the last week? ·         US jobs weakened → Fed expectations turned more dovish. ·         Dovish shift → Gold/Silver up and US equities remained strong. ·         Oil lower → positive macro for India. ·         RBI pause + earnings + improving FII flows → Indian equities stayed resilient. ·         Nifty was steady, but broader-market participation remained stronger → underlying risk appetite was better than the headline index suggested. Nifty: Weekly Technical & Derivatives Picture Nifty formed a Doji candle on the weekly charts indicating a pause in the market momentum however it did manage to add 0.77% for the week. Broader market did relatively better as Smallcap 100 Index was up 2.73% to register a new life high.   Nifty Futures saw closure of 1.6% in COI for the week along with positive price action. Midcap Nifty Futures added 4.8% in longs while FINNIFTY Futures added a substantial 28.8% in open positions while remaining marginally negative for the week. Amongst Nifty components, short covering was seen in HINDALCO, SHRIRAMFIN, INFY and ETERNAL, while Long buildup was seen in GRASIM, SBIN and INDIGO.   Nifty PCR was down by 36% for the week and settled at 0.89 while Banknifty PCR remained flat at 0.94 level. Options concentration is seen at 24,600 Puts and 25,000 Calls.   FII Data was broadly bullish in the cash segment with net buying seen for the week for Rs. 2907 Crs. Index short positions did dip below 1.5 lakh contract mark once in last week and for any further upmove from here these shorts have to get challenged.   Key Domestic Triggers This Week • CPI inflation: July CPI data is due on 12 August. Key for the RBI’s future rate trajectory and bond yields. • WPI inflation: July WPI data is due on 14 August. Important for tracking wholesale price pressures and corporate input costs. • FII/DII flows: After improved FII activity last week, continuation of foreign buying would be an important positive for Nifty. • Rupee: USD/INR movement remains important, particularly for IT, financials and foreign flows. • Crude oil: Brent around the $80–85 zone remains important for India’s inflation, current account and overall macro sentiment. • Monsoon: Progress of the monsoon and rainfall distribution will remain important for rural demand, FMCG, autos and agriculture-linked stocks. • Sector rotation: PSU Banks, Auto, IT and Metals showed strong momentum last week. Whether this leadership continues will be important for the next leg of the market. • US CPI: 12 August. Probably the single most important global macro event of the week. A softer-than-expected number would reinforce Fed-cut expectations and could support equities, gold and bonds.   Pathfinder View   Nifty bias remains buy on dips with the range shifting from earlier 24,000-24,500 to 24,400 and 24,800. Once we cross, 24,800 expect further short covering which can take the Nifty higher. Broader market is suggesting positive bias.   Support: 24,400 & 24,300. Bias remains positive as long as we are above 24,400. Resistance: 24,800 (minor) & 25,000 (major). Regards, Rahul Sharma JM Financial Services Ltd.

The most important number after an earnings result is not EPS. It is the stock price reaction. I have learnt this repeatedly by watching markets. A company can report excellent numbers and still fall. Another can report average numbers and rally sharply. Why? Because the market doesn’t trade the result. It trades the difference between expectations and reality. This is where Fundamental Analysis and Technical Analysis work beautifully together. Fundamentals tell you what happened. Price tells you what the market thinks about it. After an earnings result, I look at three things: 1️⃣ Were the numbers good? 2️⃣ Were they better or worse than expectations? 3️⃣ What did the stock do after the result? If earnings are strong and the stock breaks resistance, sees strong volumes and continues to show relative strength, the market is effectively saying: “I believe this story.” But if good results are followed by selling, I don’t ignore it. Sometimes expectations were already too high. Sometimes the market is looking beyond the current quarter. That is why I believe the best opportunities often come when fundamental improvement and technical confirmation arrive together. Numbers tell the story. Price tells you whether the market believes the story. #TechnicalAnalysis #FundamentalAnalysis #StockMarket #Investing #IndianMarkets