Old Trafford could miss out on hosting the rescheduled England-India Test: Report

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Manchester, Oct 7 | The Old Trafford cricket stadium in Manchester could miss out on hosting the rescheduled Test between England and India next due to scheduling conflicts. Reports suggest that the rescheduled Test could be taking place at the same time as Englands white-ball matches against South Africa.

“An agreement in principle has been reached with India over completing the aborted series next year, after the tourists refused to play at the 11th hour last month due to concerns over Covid. However, Sportsmail learns the deciding Test will take place elsewhere due to scheduling issues at Old Trafford,” said a report by Daily Mail on Thursday.

County cricket side Lancashire had lost more than one million pounds through hospitality income when the fifth Test between England and India was cancelled just two hours before the start of play due to a COVID-19 outbreak scare in the Indian camp after assistant physiotherapist Yogesh Parmar tested positive. It is understood that they have opened talks with the ECB about receiving compensation, which will be forthcoming.

“It is understood Lancashire were unable to commit to putting on the Test in the narrow window available. Old Trafford is already due to host a one-day international between England and South Africa on July 24 while the club are also expected to stage several gigs next summer. While the ECB have yet to finalise a date with their Indian counterparts, it is likely there will be some overlap between the Test match and England’s one-day series against South Africa,” further said the report.

India are scheduled to tour England for three ODIs and as many T20Is from July 1 to 14. England’s home series against South Africa begins from July 19. After the series concludes on July 31, it will be immediately followed by the second edition of the Hundred.

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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