India to play football friendly against Zambia in Doha

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New Delhi, May 13 | The All India Football Federation (AIFF) has arranged a friendly match for the India team against Zambia in Doha on May 25. The match is part of India’s preparation for the AFC Asian Cup China 2023 Qualifiers Final Round scheduled to be held in Kolkata from June 8.

The match comes close on the heels of the friendlies India played against Bahrain and Belarus in March.

India have been camping since April 23, 2022, first in Bellary, and now in Kolkata where the national squad will also play two more friendly matches — against a combined All-Star XI from the I-League, the Bengal Santosh Trophy contingent.

The senior team has already played ATK Mohun Bagan in a friendly match on May 11.

The AFC Asian Cup China 2023 Qualifiers Final Round will be held across three match days on June 8, 11 and 14, 2022, with the group winners, and the best five second-placed teams earning a ticket to the Asian Cup in China which is slated to kick off on June 16, 2023.

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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