US Open: Osaka advances to third round after opponent withdraws

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New York, Sep 2 | Third-seeded Japan’s Naomi Osaka advanced to the third round of the US Open as her opponent Olga Danilovic withdrew due to illness.

Said Serbian qualifier Danilovic on Instagram, “I have been feeling unwell these past few days dealing with a non-COVID-related viral illness.”

“I am so sad to have to withdraw from my match this morning. I was really looking forward to playing against Naomi on Arthur Ashe Stadium today, but not to be this time.” the 20-year-old was quoted as saying by Xinhua.

The 23-year-old Osaka will now face Canada’s 73rd-ranked Leylah Fernandez.

Earlier, the world No.3 had kicked off her US Open title defence with an impressive win over Czech Republic’s Marie Bouzkova 6-4, 6-1 in the first round.

The two-time US Open champion had fired 34 winners to 24 unforced errors to break down Bouzkova’s defensive game in the first set and then ramped up the pressure to win the second set with ease.

Osaka had been in the middle of controversy in recent for refusing to speak to the media. She had withdrawn from the French Open and Wimbledon citing mental health issues.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

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.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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