Seven host cities for 2022 T20 World Cup; final in MCG

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Dubai, Nov 16 | The International Cricket Council (ICC) has announced seven host cities for the 2022 edition of the T20 World Cup, scheduled to be played in Australia between October 16 and November 13.

The event next year will see a total of 45 matches being hosted across Adelaide, Brisbane, Geelong, Hobart, Melbourne, Perth and Sydney. The T20 World Cup final will be hosted under lights at the Melbourne Cricket Ground (MCG) on November 13, 2022. The semifinals will be hosted at the Sydney Cricket Ground (SCG) and Adelaide Oval on November 9 and 10, respectively.

The men’s 2021 T20 World Cup champions Australia and runners-up New Zealand besides Afghanistan, Bangladesh, England, India, Pakistan and South Africa, as the next highest-ranked teams, will gain direct entry into the ‘Super 12’ stage of the Men’s T20 World Cup 2022.

Namibia, Scotland, Sri Lanka and the West Indies will play in Round 1. The four remaining spots at Australia 2022 will be filled via the ongoing qualification pathway, culminating in two global qualifying tournaments, one to take place in Oman in February and the other in Zimbabwe in June/July.

The ICC’s head of events, Chris Tetley said on Monday evening that, “We are looking forward to seeing the return of ICC events to Australia and are delighted to announce the seven host cities for the ICC Men’s T20 World Cup 2022. Following the success of the ICC Women’s T20 World Cup in 2020 and a two-year postponement, our sights are now firmly set on planning for the 2022 event in collaboration with the LOC (local organising committee).

“With 12 teams already confirmed in the line-up, we eagerly await the culmination of the qualification process to see which other teams will join them.”

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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