Durand Cup: Luna penalty seals debut win for Kerala

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Kolkata, Sep 11 | Indian Super League (ISL) side Kerala Blasters started their Durand Cup campaign with a 1-0 victory on debut against the Indian Navy Football Team at the Vivekananda Yuba BharatiKrirangan (VYBK) on Saturday.

Uruguayan midfielder Adrian Luna scored the match-winner off a spot-kick in the 72nd minute.

Scores remained level at half-time and given how wasteful both teams were in either half, it seemed that the 130th Durand Cup was heading for its first goalless draw.

The Navy team did an incredible job in their opening game when they came back from a goal down to win against Delhi FC and had they only tucked away from the biggest chance they had on Saturday in the 74th minute, they could have ensured passage to the quarter-finals.

The opportunity sprung out of a Navy counterattack. Ultimately, it was squandered, not once but twice. First, Sreyas VG had to put his shot away with only Albino Gomes to beat, but the Blasters custodian palmed it away.

Only for the ricochet to fall straight at the feet of PM Britto, who had an open goal to aim for. The former East Bengal winger, however, astonishingly shot wide.
The breakthrough goal came two minutes earlier, following an erratic challenge inside the’box by Navy’s Dalraj Singh, which was adjudged to be yellow-card worthy and a penalty was awarded to Kerala.

Adrian Luna stepped up and made no mistake in making it 1-0 for his side.

“We are happy with the three points. It was our idea of today’s game. It was really hard in these circumstances with the rain and the condition of the pitch. We wanted to finish the game without injuries but now we have to see how to recover som” of our players”, said Kerala Blasters Head Coach Ivan Vukomanovic following the game.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered with modest gain against the resilient global cues. Throughout the week, Sensex traded in a narrow range following an uneven move. Sensex ended at 54884.66 gaining 558 points or 1.03 percent while Nifty settled at 16352.45 with 86 points or 0.53 percent on a weekly basis. While Banknifty ended at 35613.30 levels with strong bounce with an upside of 3.90 percent in a week.

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INDIA VIX has cooled off during the week with 7.01 percent and has settled at 21.48 levels. Investors and traders may watch out key events such as the RBI meet in the second week as well as the US Fed meeting likely to be on 14-15 June for monthly expiry. As corporate results are likely to end soon stocks would expect less volatility in upcoming days. In Nifty stocks, HDFCLIFE gained 9.61 percent while DIVISLAB shed 18.41 percent in a week. Sectorally Nifty Finance saw the highest gains of 4.32 percent followed by the Nifty Auto with 3.26 percent. On the flip side Nifty Pharma, Energy, Realty and PSE lose more than 3 percent each on a weekly basis. However Midcap gained 0.77 percent while Smal lcap dropped by 3.42 percent.

Technically, Nifty has formed a bullish candle on the weekly chart with a long tail suggesting strong support around 15900 levels, while on the upside 16800 may act as strong resistance. Index has taken support from the previous horizontal line & closed above 21-days Simple Moving Averages that indicates further pullback rally in the near term.

Indicators such as RSI remained in the neutral zone while MACD suggest some positive cross over observed in daily time frame suggest some sign of reversal. Coming to the OI Data, on the call side the highest OI witnessed was 16500 followed by 16800 strike prices while on the put side, the highest OI was at 16000 strike price. Overall, Nifty is having support at 16000 mark while on the upside 16500 followed by 16750 may act as an immediate resistance. While Bank nifty has support around 34300 while resistance is placed at 36800 on weekly chart.

Om Mehera
Research Associates
Choices Broking

Souce: Choice India

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