Medvedev fights off Korda challenge as he eyes year-end world No.1 spot

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Paris, Nov 5 | Russian world No.2 Daniil Medvedev kept alive his hopes of ending the year as the No.1 tennis player in the world, playing inspired tennis to overcome the challenge of Sebastian Korda of the United States 4-6, 6-1, 6-3 en route to the Rolex Paris Masters quarterfinals here.

The reigning US Open champion, who had beaten world No.1 Novak Djokovic in the last major of the year, will next face French qualifier Hugo Gaston, who wrote another chapter of his fairytale run here in a late Thursday-night game, coming back to defeat 18-year-old Carlos Alcaraz of Spain 6-4, 7-5.

Medvedev claimed a decisive break at 3-2 in the final set after losing the opening set, to make it to the last-eight. “I had adrenaline going (from another searing shot earlier in the game) and that’s how it’s possible to make these shots. It was a little bit of luck, a little bit of skill and a little bit of magic,” Medvedev said after the game to atptour.com.

The Russian was fully focused on continuing his title defence and not handing Novak Djokovic an early path to the year-end No. 1 ATP Ranking. Medvedev’s loss to Korda would have guaranteed Djokovic a record-breaking seventh year-end No. 1 finish. If Medvedev wins the Paris title, his faint hopes of finishing No. 1 himself will carry over to the ATP Finals in Turin.

Medvedev made only 17 unforced errors, less than half the 40 Korda made. He earned 14 break point chances, converting five, while dropping serve twice. “It was a tough first set where I felt that I had the margin but I didn’t manage to break him (from 0/40 at 3-2) and he turned it around against me,” Medvedev said. “But I was really happy that I stayed calm and kept my level and that was enough to win today.”

World No. 103 French qualifier Hugo Gaston, egged by the Paris crowd, rallied from 0-5 in the second set to win 20 of the last 21 points of the match to stun Alcaraz 6-4, 7-5.

“(The atmosphere) was incredible. Honestly, I have been playing tennis for this. It was actually incredible. It was really wonderful to live this match with them. I actually won because they supported me from beginning to the end even when I had a letdown during the first or the second set, they were always cheering me. It’s incredible to have such a great public.”

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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