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Trade Setup For Sept 22: Nifty Bulls Eye 23,550 Breakout As Sub-$100 Oil Flips Sentiment

Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustainability of the recent re...
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BCCI Decides To Not Renew 2 India Coaches' Contracts After England Series

Winds of change are sweeping through Indian cricket. After the tours of Ireland and England, where India lost two T20I series and an ODI series, the BCCI was expected to conduct a review. It has now been confirmed that the BCCI will not renew the contracts of assistant coach Ryan ten Doeschate and fielding coach T Dilip. The development was shared by BCCI secretary Devajit Saikia. "Assistant coach Ryan Ten Doeshchate's two-year contract with Indian men's team ended on June 10. Fielding coach T Dilip, who was given a one-year extension after his original term ended, also had his contract ending on June 8," BCCI secretary Saikia told PTI in an exclusive interaction.

"The BCCI continued with the duo till the end of India's tour of United Kingdom. However, the BCCI is not giving them any extension. There is no question of accepting resignation as the contract has ended," the secretary cleared the air.

A few reports have claimed that Subhodeep Ghosh will be the new Indian fielding coach. However, Saikia said: "BCCI is in talks with two or three candidates to finalise the new fielding coach for the Indian men's team."

Assam's Ghosh, who has been in the system for last six to seven years since the time of Rahul Dravid at the NCA, is the favourite right now.

It must be mentioned that Ten Doeschate intended to leave as when he was brought on board on Gautam Gambhir's insistence, he was promised fielding coach's job but was given no specific role in last two years.

In case of Dilip, his extension for one year before the 2025 Test series in England was on insistence of a senior superstar but no one was happy with his performance. It would have been a miracle had he been given any further extension after poor show during the recent white ball tour of UK.

More updates to follow...



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