Durand Cup: Jamshedpur FC faces a tough challenge against FC Goa

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Kolkata, Sep 16 | In a clash between two ISL teams, Jamshedpur FC face FC Goa in a crucial Group B game to stay in the hunt for a spot in the quarter-finals of the 130th Durand Cup at Vivekananda Yuba Bharati Krirangan (VYBK) on Friday.

Group B stands at a crucial juncture as both Jamshedpur FC and Army Green are tied at three points each with one win and one loss from two games and only a win for Jamshedpur can give them a chance to secure a spot in the quarter-finals.

On the other hand, Army Green will have to lose their match against Sudeva Delhi FC as they have an advantage in head-to-head record against Jamshedpur where they defeated the ISL outfit 3-1. Finally, a draw for both Jamshedpur and Army Green will see the latter go through to the knockouts.

Speaking before the match Jamshedpur FC coach, Noel Wilson said, “Goa is surely the strongest opposition this tournament and it makes it even more important for my players to get the experience as well as to know where they stand.”

He also added, “It is a unique opportunity for our young boys as at their age, not everyone gets a chance to play an ISL team. I hope the youngsters make the most of this opportunity and try to get a good result as well.”

FC Goa, who sit at the top of Group B with six points from two games, will look to keep the winning momentum going as they head into the knockout stage.

Speaking on the topic of experimentation in the match against Jamshedpur, FC Goa coach, Juan Ferrando Fenoll said, “No, we don’t look to experiment too much as this our pre-season preparation and it is the time to work in a certain way. Of course, we will have different plans as we will be playing a different opponent but it isn’t the right time experiments.”

He also commented on the opponents for the day and said, “We watched their match against Sudeva and despite having young players they are a very good team. They control the spaces, they work according to plans and are a difficult team to breakdown. Anyway it is good for us in pre-season because it is important to control the spaces, control moments of the game and in positional attack. I think it is a good time to play against them because surely it will be difficult and I hope we take the best decisions on the pitch.”

The winner of Group B will play against the second team from Group C in the third quarter-final match at the Mohun Bagan Ground on September 24.

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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