Three new faces in ATP’s Top-10 as Djokovic leads the charts

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New York, Nov 23 | Three new faces — Casper Ruud of Norway, Hubert Hurkacz of Poland and Jannik Sinner of Italy — have made it to the Top-10 of the ATP Rankings for the first time in their careers, even as world No. 1 Novak Djokovic continues to lead the charts, clinching his seventh year-end No.1 spot in the latest rankings released by the men’s tennis body.

As per the latest ATP Rankings released late on Monday, the 22-year-old Ruud is No. 8, 24-year-old Hurkacz is No. 9, while the 20 year-old Sinner has become the youngest to finish in the Top-10 since No. 9 Juan Martin del Potro of Argentina, who was only 20 when he achieved the distinction in 2008.

Serbia’s Djokovic had earlier earned a record seventh year-end No. 1 finish, breaking a tie with Pete Sampras for the most in history when he had entered the Rolex Paris Masters semifinals recently. Spaniard Rafael Nadal finished in the Top-10 for a record 17th consecutive year at No. 6, breaking the record he shared with Jimmy Connors.

Russia’s Daniil Medvedev became the first player outside Djokovic, Swiss ace Roger Federer, Great Britain’s Andy Murray and Nadal to finish year-end No. 2 since American Andy Roddick in 2004. He also became the first Russian to finish No. 2 since Marat Safin in 2000.

There were eight players aged 25-and-under in the year-end Top-10 for the first time since 1995. Four of the Top-5 players were 25-and-under, the first year-end occurrence since 2009. The average age of the Top-10 was less than 26 years old (at 25.6), the youngest since 2009 (25.0).

There were no changes at No. 1 during the season for the first time since 2015, the only other time Djokovic held the top spot without any interruptions in the year.

The United States led all countries with 12 players in the Top-100 (most since 1996), followed by Spain with 10, France with nine, Italy with eight and Argentina with seven. It was the third straight year eight Italians were in the year-end Top-100. Spain and the US had the most players in the Top-50 with six followed by Italy with four. The six Americans in the year-end Top-50 was the most since seven in 2003, according to atptour.com.

Roger Federer, 40, finished as the oldest player in the Top-100, at No. 16. It was the Swiss superstar’s record 21st consecutive year in the Top-20. There were 31 players 30 and older in the year-end Top-100.

Source: IANS

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Share Market Weekly Outlook for Next Week

Share Market Weekly Outlook for Next Week

Indian market plummets for the second consecutive week, seems bulls losing their upper hands in the coming days. Index reacted violently grasping Indian as well as global factors throughout the past week.

High oil prices, uncertainty amid Ukraine war, mounting inflation and prospects of aggressive monetary tightening by the U.S. Fed all contributed to poor sentiment. Undoubtedly, the biggest negative sentiment was led by continued inflation all over the world. Sensex sheds 2041.96 points or 3.72 percent while Nifty losses 629.10 points or 3.83 percent in a week. Simultaneously, Bank nifty also lost control over the bears’ dominance. Nonetheless, no sector ended in green while Nifty Energy lost 10.56 percent and remained the prime laggard followed by Nifty PSE, and Nifty Realty losing 5 to 6 percent in a week.

In Nifty stock, BAJAJ AUTO gained 4.07% while TATASTEEL lost 14.54% on a weekly basis. INDIA VIX closes at 23.48 suggesting no sign of relief in volatility. Whenever the market tanks 20% from its peak, it is technically termed as the bear market. Currently the Indian market remains at the edge of 15 percent fall. Technically, on a weekly chart, the index has formed a long bearish candle confirming change in trend from positive to negative side.

Index has also faced resistance around 16300 levels throughout the week. Indicators as RSI still remains in the oversold zone and MACD also indicating no sign of reversal. In the daily chart lower low- lower high formation suggests no major pullback is expected. Coming to the OI monthly Data, on the call side the highest OI witnessed was 16000 followed by 16500 strike price while on the put side, the highest OI was at 15500 followed by 15000 strike price. Overall, Nifty is having support at 15500 mark while on the upside 16100 followed by 16300 may act as an immediate resistance. While Banknifty has support around 32000 while resistance is placed at 34300 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

It was a volatile trading session after a positive opening, Nifty made an intraday high at 16318.75 level but showed downside momentum and tested the 16000 mark and managed to close at 16167.10 level with a loss of 72.95 points.

However, Bank nifty closed the session at 34693.15 level with a gain of 210.50 points. 31 out of Nifty 50 stocks ended in Red which suggest broad based selling. Among sectors, Bank, Commodities indices up by 0.5-0.3 percent each, while IT and Auto indices down by 1 percent each.

Stocks like ONGC, AXISBANK, INDUSINDBK, CIPLA & HDFC ended in green SHREECEM, BAJAJFINSV, LT & BAJFINANCE were the prime laggards.Technically, The Nifty has formed a Hammer Kind of candlestick pattern on a daily chart which indicates value buying from lower levels. Moreover, Nifty has taken support from the lower band of Bollinger on a Four- hourly chart which is a sign of short-term reversal in the counter.

However, the momentum indicators RSI bounced from oversold zone as well as divergence has been seen on an hourly chart which indicates bounce back momentum. The Nifty may find Strong support around 16000 levels, while on the upside 16400 may act as an immediate hurdle for the Nifty crossing above the same can attract fresh buying. On the other hand, Bank nifty has support at 33800 levels while resistance at 35500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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