New York, Sep 2 | Second-seeded Russian Daniil Medvedev breezed past German Dominik Koepfer 6-4, 6-1, 6-2 in the second round in 108 minutes to advance in the US Open men’s singles on Wednesday.
Medvedev broke Koepfer’s serve seven times. The tall Russian also defended better in the match.
“I try to take every match as a new challenge. The more I win throughout my career, and especially here in New York, on this stadium, the better I will feel,” said Medvedev after the match.
“It was a great level from me,” he added.
“There were a few tight moments in the match which I managed to hold well and play well. At one moment his
level dropped a little bit and I took advantage of it. I am really happy to be through in less than two hours.”
The 25-year-old fired 23 winners to advance in one hour and 48 minutes.
The 2019 US Open finalist is eyeing his first Grand Slam title. He had earlier reached the 2021 Australian Open final.
The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.
Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.
In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.
Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.
Source: Choice India