The market just ignored all of these predictions :
After the initial sell off markets across the globe rebounded with confidence .
India market too seems to have reconciled with the consequences of Brexit! We have seen a sharp recovery across markets last week . In India we may see more upside form GST news .
So all in all as the impact of Brexit is yet to be felt in the economies , markets in its own prudence has decided to concentrate on more immediate news . Also Brexit reduces the probability of any F
Interest rate increase by Fed for this year !
So more liquidity … more asset bubbles … and the party continues !
We may expect some consolidation coming this week . Trades will continue to remain long on NIFTY with stop losses in place .
Investors may now start looking at small / mid caps in the Indian equity market . There are a lot of companies in this space that can see an inflection point once the overall economy improves . With GST and a good monsoon there are exciting times ahead for the Indian market .