User:RESEARCH AIM/sandbox

RESEARCH AIMBold text Israel-Hamas conflict: the key levels to watch out for

On Saturday, the Palestinian militant group Hamas launched a multi-pronged attack on Israel — by land, sea and air, using paragliders. The attack came hours after thousands of rockets were sent from Gaza into Israel. As Israel declares a 'state of war' on Hamas, financial markets may not be entirely spared While it is unclear how prolonged this war could become and what could be the economic repercussions, oil prices have shot up nearly 5 percent.

For Nifty, the level is 19,550 which is very crucial. As long as it's above 19,550, plus or minus 25 points if it sustains above that then it's fine. It will discount the impact and try to push its way up. There will be short covering of above 19,725 today.

For Bank Nifty it is 44,200. That's a very crucial level. If it sustains 44,200, if it sustains above that, it will discount this move. The short covering is there above 44,750.