Durand Cup: Hyderabad FC to face Army Red in a must-win encounter

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Kolkata, Sep 18 | With a spot in the knockout phase for the taking, ISL side Hyderabad FC meet a confident Army Red Football Team in a Group D game at the 130th Durand Cup on Sunday, at the Vivekananda Yuba Bharati Krirangan (VYBK). A win will ensure either team’s passage to the knockout stage of the iconic tournament.

Hyderabad FC has three points from two matches so far, courtesy of a win against Assam Rifles and a loss against Gokulam Kerala in their last game. The Reds are relatively better placed with four points from as many games. To qualify for the next stage, they just need to ensure they do not lose on Sunday.

Speaking ahead of the game, Hyderabad FC’s coach Shameel Chembakath stressed the importance of this mat”h. “Indeed it is a crucial match for us. We will try our best as this is our final chance to qualify. I am very impressed with my players’ performance. We will be moving with the same spirit and try our best to get further up the pitch. We will try to return to our winning ways to secure three points. We are all in this toget”er,” Chembakath said.

He also shared his thoughts on the Army Red team and added, “They are very strong and well drilled. One of the best teams in the group. I believe they have been playing together for quite some years. It makes a lot of difference.”

Army Red coach Anustup Sarkar also expressed said playing against an ISL side will not add to the pressure. “After facing the full squad of GKFC we are confident to face any team and name may be Hyderabad FC but as we have seen it’s not their ISL side. We will go for a win.”

Gokulam Kerala FC, who are currently on four points, will play Assam Rifles in another deciding Group D match at the Kalyani Stadium on Sunday.

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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