Chessable Masters: Praggnanandhaa falters on opening day, loses first match to Ding Liren in final

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Chennai, May 26 | Indian boy wonder Rameshbabu Praggnanandhaa found the going tough and lost the first match in the two-round, two-day final against China’s Ding Liren in the Chessable Masters, going down 2.51.5 on the opening day of the summit clash of the fourth leg of the Champions Chess Tour.

In the four-game encounter, Pragg lost the first, came back strongly to win the second but succumbed to pressure in the third. The Chinese managed to steer the fourth game to a draw to take the opening encounter.

The final of the Chessable Masters started with Ding Liren giving 16-year-old Pragg a tough test just hours after the talented youngster sat a real-life school exam, his class XI final exams.

The Chinese star showed exactly why he is ranked world number 2 with a cool and classy display to take the first of two matches of the Champions Chess Tour’s first all-Asian final. Praggnanandhaa will now have to win the second match on Thursday night to drag the matter into the tie-breaks to decide the winner of the online rapid chess tournament.

Pragg started the final on a disappointing note as Ding reeled off a smooth win. For the Indian Grandmaster, it was hard to see where he went wrong. Just a cumulation of small mistakes was enough for Ding to take the lead.

But Pragg came back hard in the second as two extra pawns in the endgame proved too much for his opponent, who resigned.

Then Pragg crumbled again in the third as Ding went 2-1 up. Ding clinched the encounter by forcing through a pawn in the endgame. Finally, Ding steered the fourth game to a draw to see out the match-win.

However, there was no big celebration or show of relief after Ding’s win. “It was a tough match, I’m very happy with my performance,” the 29-year-old said. “My strategy is to avoid any complicated lines and any long or forced lines!”

Giving an update on his school exam earlier in the day, Pragg said: “It went decent, it went well, I could say. Probably it shouldn’t be a problem. I guess I will pass,” Pragg was quoted as saying by the organisers of the Champions Chess Tour, Play Magnus Group.

The second encounter in the final may prove tougher than the school exam and Pragg will now have to play at his best to get the better of the Chinese player. He will be better rested than on Wednesday as he would not have any school exams to deal with on Thursday morning.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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