CSK unfollow Ravindra Jadeja on Instagram; speculation about rift grows

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Mumbai, May 13 | Reports of four-time Indian Premier League (IPL) champions Chennai Super Kings un-following their former skipper Ravindra Jadeja on social media site Instagram have sent the rumour mills into overdrive, with people speculating about the all-rounder’s relationship with the franchise.

A short statement posted by the Mahendra Singh Dhoni-led franchise on their website on May 11, a day before CSK’s game against Mumbai Indians, has not helped matters either, with rumour mills suggesting that the relationship has soured and could take a similar course as David Warner’s breakup with SRH.

CSK tweeted, “Official Announcement: Jadeja will be missing the rest of the IPL due to injury. Wishing our Jaadugar a speedy recovery! @imjadeja.”

Disclosing the nature of the injury, CSK wrote on their website, “Ravindra Jadeja reported a bruised rib and was unavailable for Chennai Super Kings’ game against Delhi Capitals on Sunday. He was under observation and based on medical advice he has been ruled out for the rest of the IPL season.”

While the news about the injury is quite normal, given the rigours of the IPL, CSK unfollowing Jadeja takes one back to the previous season when Warner, then Sunrisers Hyderabad’s skipper, was first stripped of captaincy duties during the India leg of the tournament, and was later not included for several games the team played in the UAE leg under new skipper Kane Williamson.

A series of cryptic Instagram posts led fans to speculate that the relation between the Australian and his long-term franchise had soured beyond redemption. Warner is playing for Delhi Capitals in the current IPL season.

Jadeja too has a long association with CSK, spanning a decade and he has contributed immensely to the success of the franchise as they have won four IPL titles, including being the defending champions. The CSK management had so much faith in the player’s all-round abilities that he was the franchise’s first retention ahead of the mega auction this year.

Before the start of the season, he was the surprise choice for the post of skipper, replacing veteran Mahendra Singh Dhoni. However, the timing of the announcement — just two day before the start of the season — shocked several Chennai fans.

Under Jadeja, CSK continued to slide on the IPL points table, barely managing to stay ahead of the biggest underperformers of the season, Mumbai Indians. Former India coach, Ravi Shastri was quick to point out that Jadeja “looked (like) a fish out of water”, as the 52-year-old assessed the new captain’s performance.

Jadeja’s form too dipped as his contribution with the bat and ball diminished, resulting in him handing over the captaincy back to Dhoni. While Jadeja played a couple of more games after relinquishing captaincy, he got injured fielding against RCB and was ruled out of the next game against Delhi Capitals.

With him now being ruled out for the remaining matches, only the next season will tell who comes out to lead CSK. Will it be Dhoni yet again, or someone like Ruturaj Gaikwad, who has shown maturity beyond his years donning the yellow jersey. Or, will Jadeja get another shot at captaincy?

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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