Aetram Special Report :*Weak & Bearish Sectors* - 11.05.2026 - Aetram Research India

 Aetram Special Report :*Weak & Bearish Sectors* - 11.05.2026 - Aetram Research India

*Auto Sector – Weak Technical Structure*

• Auto sector continues displaying relative weakness despite stable earnings from select companies.
• Weak macroeconomic participation and fragile chart structure increase downside risk.
• Auto index may continue facing pressure if broader market weakness intensifies.

*Strategy View*

• Avoid aggressive fresh exposure in auto stocks at current levels.

*Banking Sector – Major Concern for Nifty*

• Banking sector remains one of the biggest concerns for benchmark index sustainability.
• Weak participation from leading private banks continues limiting broader market momentum.
• Private banking space continues underperforming relative to broader market themes.
• PSU banking space remains selective rather than broad-based.

*Strategy View*

• Selective exposure only in stronger PSU banking names.
• Avoid weak private banking setups until relative strength improves.

*IT Sector – AI Disruption & Weak Momentum*

• IT sector continues facing pressure from AI disruption concerns and weak relative momentum.
• Lack of leadership from IT continues impacting benchmark index performance.

Aetram Special Report : *PSU Theme – Long-Term Leadership Emerging* - 11.05.2026 - Aetram Research India

 Aetram Special Report : *PSU Theme – Long-Term Leadership Emerging* - 11.05.2026 - Aetram Research India

• PSU stocks across multiple sectors continue attracting strong institutional and retail participation.
• Strong opportunities continue emerging in:

PSU Power
PSU Metals
PSU Infrastructure
PSU Defence
PSU Capital Goods

• PSU index structure continues indicating possibility of revisiting lifetime highs over the longer term.

Aetram Special Report : *Metals –Strong Relative Outperformance Continues* - 11.06.2026 - Aetram Research India

 Aetram Special Report : *Metals –Strong Relative Outperformance Continues* - 11.06.2026 - Aetram Research India

• Metals remain one of the strongest outperforming sectors in the market.
• Ferrous metal stocks continue maintaining strong bullish structure supported by improving price action and sector rotation.
• Global base metal momentum in copper, aluminium, zinc, nickel, and lead could further strengthen Indian metal stocks.
• Structural bullish trend remains intact despite possible near-term pullbacks.

*Strategy View*

• Continue holding quality metal stocks for medium- to long-term upside potential.
• Temporary corrections can be used for accumulation.

Aetram Special Report *High Conviction Bullish Sectors* - 12-18 Months - 11.05.2026 - Aetram Research inda

 Aetram Special Report *High Conviction Bullish Sectors* - 12-18 Months -  11.05.2026 - Aetram Research inda

*Power & Energy – Structural Long-Term Bullish Theme*

• Power and energy continue to remain one of the strongest structural opportunities in the current market environment.
• Favorable government policies, infrastructure expansion, and improving sector fundamentals continue supporting the long-term bullish setup.
• The entire power and energy basket continues displaying strong relative strength across charts.
• Short-term consolidations should be considered healthy corrections within a larger bullish trend.
• Select PSU power stocks and leading energy companies continue maintaining strong momentum.
• The energy index still has meaningful upside potential over the medium term.

*Strategy View*

• Buy on dips approach remains favorable.
• Basket buying within the energy theme remains preferred over aggressive short-term trading.

Aetram Special Report : *Nifty Technical Outlook* - 11.05.2026 - Aetram Research Report

 Aetram Special Report : *Nifty Technical Outlook* - 11.05.2026 - Aetram Research Report

*Nifty Faces Strong 24,600 Resistance While 22,000 Long-Term Support Keeps Broader Market Structure Constructively Stable*

*Key Resistance Levels*

•  24,250
•  24,600 – Major resistance zone

*Key Support Levels*

• 23,800 – Immediate support zone
• 22,000 – Major long-term structural support zone

*Market Outlook for near term*

• Nifty remains range-bound unless a decisive breakout above 24,600 occurs.
• Failure to sustain above 23,800 could trigger deeper corrective pressure toward lower support zones.
• The 22,000 region continues to remain a strong long-term structural support area for the broader market.
• Weekly and monthly charts still lack strong bullish confirmation for aggressive large-cap participation.
• Broader markets continue showing stronger participation compared to benchmark large caps.
• Sustained leadership from banking and IT sectors will be required for any meaningful index breakout above resistance levels.
  
  
  
  

Global Market & Geopolitical Update – Key Insights - 04.05.2026

Global Market & Geopolitical Update – Key Insights - 04.05.2026

 Global Market Overview (Macro Headlines)

• US Market Performance*
• US markets showed strong bullish momentum over the last two sessions.
• Indices closed near all-time highs, led mainly by tech stocks.
• Momentum was stronger on Thursday compared to Friday.
• Corporate earnings remain very strong, especially in AI and tech sectors.

*Key Global Developments*

* Announcement of “Project Freedom” by Donald Trump:

• Objective: Escort neutral ships safely through conflict zones.
• No reopening of trade routes; only safe exit allowed.
• OPEC plans to increase oil production by 1.88 million barrels/day from June.
• Apple reported strong results:
  Revenue growth and $100 billion buyback announcement.
  Ongoing geopolitical tensions (US–Iran) remain unresolved but controlled.

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*Commodities & Currency*

Oil Market

• Crude oil stable around $108–110 levels.
• No major change due to continued blockage in key trade routes.
• Production increase may not impact immediately due to supply chain constraints.

Currency & Bonds

• Dollar Index stable near 98–99.
• US 10-year bond yield: 4.37%.
• Japanese Yen strengthened significantly (carry trade risk if continues).

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*Economic Indicators*

• US GDP (Q1): 2% vs 2.2% forecast.
• Inflation rising (PCE Index higher than expected).
• Bank of England kept rates unchanged.
• Global inflation remains elevated (4–6%).

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Sectoral & Market Insights

Earnings Trends

• Strong earnings season in US markets.
• Lowest earnings misses since 2021.
• AI-linked companies outperforming significantly.

Emerging Markets

• Strong performance globally except India.
• ETF inflows supporting market highs.

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Geopolitical Situation

US–Iran Conflict

• No direct escalation, but economic pressure building.
• Oil trade disruption impacting global economy gradually.
• “Silent tension” phase—no war, but economic strain increasing.

Oil Industry Insights

• Major oil companies reported profit declines:
• Exxon & Chevron profits down significantly.
• Production disruptions due to geopolitical issues.
• Long-term view:
  Oil prices may fall to $55–60 post-war (6–9 months later).

Investment Strategy Insights

Warren Buffett Strategy

• Berkshire Hathaway holding ~$397 billion cash.
• Indicates expectation of major correction.
• Strategy: Wait for large opportunity rather than chase highs.

Aviation Sector

• Airline industry under severe stress globally.
• High fuel costs and reduced flights impacting profitability.
• Example: Spirit Airlines shut operations.

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Indian Market Analysis

Market Movement

• NIFTY declined 180 points (weekly weak trend).
• Banking sector under pressure:
    * PSU Banks: -4%
    * Private Banks: -2%

Institutional Activity

• FIIs sold ₹7,000 crore in April.
• DIIs bought ₹51,000 crore.

Key Concerns

• High crude oil prices
• Weak currency (₹95/USD)
• Bond yields around 7%

Positives

• Earnings improving
• Mid & small-cap momentum strong

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Company Highlights

Vodafone Idea

• AGR dues reduced significantly.
• Positive sentiment with target upgrades.

Kotak Bank

• Stable performance:
• Profit growth 13–14%
• Asset quality improved
• Credit growth nearing peak.

DMart

• Strong results:
• Revenue +19%
• EBITDA +27%
• Store expansion continues.

Political Developments (India)

Election Highlights

• Key states: West Bengal & Tamil Nadu.
• High stakes:
• Bengal: Historic outcome expected.
• Tamil Nadu: Actor Vijay emerging as major factor. 

Market Impact

• State elections have *no long-term impact* on markets.
• Only short-term volatility possible.

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Key Investor Guidance

On Free Investment Apps

• Avoid “free advice” platforms.
• No free service provides genuine long-term value.
• Prefer paid advisors or structured investment plans.

On Stock Market Strategy

• Avoid speculative mindset (“tips & quick gains”).
• Focus on understanding, not shortcuts.
• Profit booking is essential:

  * 30–40% return → consider partial exit.

On Mid & Small Caps

• Selective investing is key.
• Avoid buying entire sector based on one company’s results.

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Sectoral Views

Metals

• Positive if dollar weakens.
• Non-ferrous metals preferred.

Cement

• Seasonal slowdown during monsoon (June–Aug).
• Strong demand resumes post-monsoon.

IT Sector

• Currently weak outlook due to business slowdown.

Market Outlook

• NIFTY struggling to cross 24,000–24,500 zone.
• Cautiously Possible downside toward 23,000 before upside.
• Strong breakout requires major positive trigger.

Core Market Philosophy

• Markets driven by:
    * Earnings
    * Liquidity
• Macro factors (oil, currency, yields)
• Not driven by:
    * State elections
    * Media narratives
    * Avoid emotional/speculative trading.

Long-Term Themes

•  India still far behind in AI development.
•  Focus currently on usage, not innovation.
•  Lack of AI-focused listed companies in India.

Final Takeaway

• Global markets strong but risk factors rising.
• Indian markets facing macro pressure.
• Stay cautious, avoid lump-sum investments.
• Wait for panic corrections for major entries.