Futsal Club Championship 2021-22 draw held via video conferencing

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New Delhi, Oct 28 | The draw for the inaugural edition of the Hero Futsal Club Championship 2021-22 was conducted over video conferencing on Thursday.

The draw ceremony was preceded by a meeting of the All India Football Federation’s (AIFF) Futsal and Beach Soccer Committee.

The committee observed a one-minute silence as a mark of respect to committee deputy chairman Lavino J Rebello.

“This is a path breaking moment in Indian Futsal. It is something that we would have done a couple of years earlier, had COVID not hit us. However, this is a great start to Futsal in India, and I wish all the clubs good luck,” said AIFF general secretary Kushal Das.

Leagues CEO Dhar stated: “We have held many workshops for the last one and a half years with the State FAs, and so many of them were subsequently able to hold their state Futsal leagues.”

“Due to the growing popularity of the game, we have decided that from the coming year, there will be no direct entries. The Hero Indian Super League and the Hero I-League clubs will also have to participate in the state leagues, thus increasing the number of matches,” he added.

Following the Futsal and Beach Soccer Committee meeting, the Futsal Club Championship draw was conducted at the Football House in New Delhi, with representatives from all the clubs witnessing the draw via video conferencing.

The groupings for the Futsal Club Championship 2021-22:

Group A: Chanmari Zothan Futsal, Super Strikers FC, Baroda FC, Mohammedan SC.

Group B: Kuppuraj FC, Speed Force FC, Sporting Clube de Goa, Bengaluru FC.

Group C: Telongjem FC, Delhi FC, Niaw Wasa United Sports & Cultural Club, TRAU FC.

Group D: Real Kashmir FC, Classic Football Academy, Mangal Club, Sudeva Delhi FC.

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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