Zverev wins opening Nitto ATP Finals match with home favourite Berrettini retiring

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Turin, Nov 15 | Italian Matteo Berrettini’s campaign in the year-end Nitto ATP Finals began on an inauspicious note as the home star was forced to retire early in the second set of his match against Germany’s Alexander Zverev due to an injury to his left oblique, in the Red Group of the elite eight-player tournament.

Tokyo Olympic Games gold medallist Zverev won a tightly-contested first set 7-6(7) in 79 minutes and led 1-0 in the second set when Berrettini was unable to continue late on Sunday night (IST). Following a medical timeout, the Italian attempted to continue, but after only one more point, he walked to the net to shake hands. Zverev climbed over the net to console him.

“I don’t really know what to say, because this is the worst feeling a player can have,” Zverev said in his on-court interview. “You play all year long to qualify for this beautiful tournament. For Matteo playing at home, this is the worst feeling I think he will ever have in his career,” the German told nittoatpfinal.com.

“I thought the first set was incredibly high-level tennis. This is all not important,” Zverev said. “The most important thing is that both players at the end of the match can shake hands and are healthy. Today this is not the case. I think a lot of you guys, everybody here in Italy looked forward to seeing (Matteo) play all three matches, maybe the semifinals, maybe the final.”

Zverev moves to 1-0 in Red Group play and will next play defending champion from Russia Daniil Medvedev on Tuesday (November 16). The German, who triumphed at the season finale in 2018, is now 9-7 at the event.

Both players blasted the ball from the baseline and looked calm under pressure. The Italian crowd was fully behind Matteo from the moment he walked onto the court. Zverev saved two set points when he served at 5-6, and on both occasions Berrettini missed a backhand return. The Italian’s first set point was his best opportunity, but he lost balance as he leapt to return a second serve and launched the return well long.

The German then rallied from 3/5 down in the tie-break and ultimately took the set after putting a forehand return from full stretch within inches of Berrettini’s baseline.

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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