Djokovic saga has been damaging on all fronts, says ATP

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New York, Jan 11 | The Association of Tennis Professionals (ATP) — the governing body of the men’s professional tennis circuits — has said that the Novak Djokovic court saga has “been damaging on all fronts”, including for the world No. 1 tennis player’s well-being and preparation for the Australian Open.

The reigning Australian Open champion on Monday won the legal battle in his bid to remain in Australia, with a court ordering his immediate release from immigration detention.

The judge hearing the Serbian player’s case ordered Djokovic be released and his passport and other travel documents returned to him, rekindling his chance to win a record 21st Grand Slam title at the upcoming Australian Open.

On Tuesday (IST), ATP issued a statement saying that the tennis body “continues to strongly recommend vaccination for all players on the ATP Tour”, in a clear indication that it wants all the players to take the COVID-19 vaccine.

Djokovic has not revealed his vaccination status and has stated that he has been granted medical exemption by Tennis Australia to compete in the opening Grand Slam of the year.

“The ATP fully respects the sacrifices the people of Australia have made since the onset of COVID-19 and the stringent immigration policies that have been put in place. Complications in recent days related to player entry into Australia have however highlighted the need for clearer understanding, communication and application of the rules.

“In travelling to Melbourne, it’s clear Novak Djokovic believed he had been granted a necessary medical exemption in order to comply with entry regulations. The series of events leading to Monday’s court hearing have been damaging on all fronts, including for Novak’s well-being and preparation for the Australian Open. Player medical exemption requests are made independently of ATP, however we have been in constant contact with Tennis Australia to seek clarity throughout this process. We welcome the outcome of Monday’s hearing and look forward to an exciting few weeks of tennis ahead,” ATP said.

“More broadly, ATP continues to strongly recommend vaccination for all players on the ATP Tour, which we believe is essential for our sport to navigate the pandemic. This is based on scientific evidence supporting the health benefits provided and to comply with global travel regulations, which we anticipate will become stricter over time. We are encouraged that 97 per cent of the Top 100 players are vaccinated leading into this year’s Australian Open.”

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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