Colombia halt Brazil’s perfect 2022 World Cup qualifying run

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Barranquilla (Colombia), Oct 11 | Brazil’s perfect 2022 FIFA World Cup qualifying record was ended as Colombia held the five-time world champions to a goalless draw here on Monday (IST).

The visitors had most of the early scoring chances with Lucas Paqueta shooting just wide after combining with Neymar and an unmarked Fred thumping an effort from 16 yards over the bar.

Colombia rallied after halftime, with Mateus Uribe forcing goalkeeper Alisson to make a finger-tip save with his shot from the edge of the 18-yard box after Radamel Falcao’s back-heel.

Alisson again came to his team’s rescue minutes later as he dived low to his right to keep out a rasping Juan Fernando Quintero drive from distance.

The hosts had David Ospina to thank for preventing a last-gasp Brazil victory, with the Napoli goalkeeper showing rapid reflexes to deny Antony from six yards out, Xinhua reports. “We knew they were going to give us very little space to attack and that’s exactly what happened, but even so we had our chances. Unfortunately, we weren’t able to finish them off,” Brazil’s Manchester United midfielder Fred said after the match.

Brazil still lead the 10-team South American qualifying group with nine wins and a draw from their 10 matches so far. Colombia are fifth with 15 points from 11 games.

The Cafeteros are unbeaten in seven World Cup qualifiers since Reinaldo Rueda replaced Carlos Queiroz as manager in January 2020.

Earlier, Bolivia won 1-0 at home to Peru and Venezuela clinched a 2-1 home win over Ecuador in Caracas.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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