Men’s T20 WC: New Indian team jersey to be revealed on October 13

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Mumbai, Oct 8 | The Board of Control for Cricket in India (BCCI) announced on Friday that the Indian cricket team would be sporting a new jersey ahead of the men’s T20 World Cup in the UAE and Oman from October 17. The launch of the new jersey will be on October 13.

“The moment we’ve all been waiting for! Join us for the big reveal on 13th October only on @mpl_sport. Are you excited?” read the tweet from BCCI. The jersey will be launched by athleisure brand MPL Sports, the official kit sponsors of the Indian cricket team till December 2023. The new jersey will replace the navy-blue retro jersey with blue, green, white and red stripes, inspired from the 1992 World Cup kit which the team has been sporting since the tour of Australia in November last year.

“At MPL Sports, the fans are our biggest inspiration and we wanted to introduce a jersey that is reflective of them. Their cheers, energy and emotion is what makes this jersey. At a time when most fans cannot be physically present in the stadium to cheer for the team as it is happening abroad, their blessings are with the players in the form of this jersey.

“This is the first time in Team India’s history that fans can get their hands on the official team jersey at such an affordable price. In addition to the new jersey, we will also launch a diverse range of new merchandise for fans to flaunt their love for the team,” said Shobhit Gupta, Head – MPL Sports in a statement.

The Indian team will step on the field wearing the new jersey for the first time in their practice match against England on October 18. The jersey will then be worn during India’s opening match in the men’s T20 World Cup against Pakistan on October 24.

Fans can get their hands on the new jersey with the pre-booking period starting from Friday offering three options — fan jersey, player edition jersey and Virat Kohli’s signature Number 18 jersey starting from 1799 INR.

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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