Futsal has the potential to be a game-changer for India: AIFF


New Delhi, Nov 15 | Following the successful completion of the Futsal Club Championship, All India Football Federation (AIFF) general secretary Kushal Das said the shorter version of the beautiful game has “tremendous potential”.

The Championship came to an end on Saturday at the Indira Gandhi Indoor Stadium here, as Delhi FC were crowned champions.

“I am very happy and I think Futsal has got tremendous potential in the country. I think this tournament will be a game-changer for futsal in India,” said Das.

He continued on the development and the aims of AIFF on futsal in the future. “Futsal is what we want to do going forward, we wanted to do it a couple of years ago as well but had to delay the plans due to the pandemic. For the next edition of the tournament, I hope we will have spectators in the stadium.”

On the other hand, Asian Football Confederation also praised the apex body of Indian Football for the “fantastic job”. Jacob Joseph, Senior Development Officer Futsal and Beach Soccer, AFC, was also present to grace the grand finale played between Mohammedan SC and the eventual champions Delhi FC.

“It was a fantastic match between the two finalists, Mohammedan SC and Delhi FC. The AIFF have done a fantastic job in organising the inaugural edition of the tournament, and I would like to thank the federation for organising this event in such fashion. We will continue to support the federation in their future endeavours as well,” said Joseph.

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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