Pakistan had been providing New Zealand with the best security: Inzamam

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Multan, Sep 18 | Former Pakistan captain Inzamam-ul-Haq has slammed New Zealand Cricket (NZC) for abandoning the white-ball tour of Pakistan. On Friday, minutes before the first ODI at the Rawalpindi Cricket Stadium could begin, the NZC released a statement saying that they were calling off the tour entirely due to security concerns. New Zealand were on their first tour to Pakistan after 18 years.

“No country can do to another what New Zealand have done to Pakistan. They were our guests and if they had some issues they should have spoken to the PCB (Pakistan Cricket Board). Pakistan had been providing New Zealand with the best security. Since the attack on Sri Lankan cricketers in 2009, we have given security to teams equivalent to that given to a visiting President,” said Inzamam on his official Youtube channel on Saturday.

Inzamam, who had served as the chief selector of Pakistan from April 2016 to July 2019, has called for the International Cricket Council (ICC) to intervene in the matter. “ICC must step into this. Also, If New Zealand have some inputs related to security, why are they not showing it? If not to PCB, then at least show it to the ICC. Even our PM had spoken to them and given them assurances.”

The 51-year-old believed that New Zealand shouldn’t have called off the tour hours before its commencement. “If New Zealand had spoken to Pakistan about their concerns, the security agencies could definitely have looked into to. But just before the match they said, they cannot play because of some threat. At least let us know what your problem is? I cannot digest this,” concluded Inzamam.

The tour cancellation by New Zealand has put England men’s and women’s tour of Pakistan scheduled for October under doubt. The England and Wales Cricket Board (ECB) said in a statement that it will decide in the next 24-48 hours on whether the tours will proceed.

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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