Markets will continue to remain volatile ahead of the Brexit . Trades may like to close their shorts before the weekend . Monday in case will be a gap up or gap down based on the outcome .
The Government in India is pushing ahead with the banking reforms . The need to prove the Government's commitment towards banking reforms , tackling with NPA problem , and overall cleaning up of balance sheet has all the more increased with the exit of Rajan .
Once the Brexit storm settles down Indian equity market will continue to move up in the medium term . With Fed stepping back for interest rate increase in the next few months , Oil prices being stable above USD 50 the global factors looks stable for now .
So the only major risk remains is Brexit , and growth in China .
In all the discussion about Fed , Brixit and Oil , the markets seems to have forgotten China .
However in the long term China is a much bigger risk than all the exits put together !