Brexit or no Brexit, no stopping India’s bull market; here’s why

Niveza Review on Brexit News ::

Britain exit will have sentimental impact on overall world markets for some time if at all it happens. At the moment, again the opinion polls are showing that there are higher chances that they will vote for stay in the EU. If at all they voted for out, then currencies across globe can take skid, pound, Euro both can fall and hence overall markets will again go for US dollar which can strengthen it further. The strength of US dollar can again lead to emerging market currencies go sliding and thereby affecting their stock markets. In a long run India has no major problems but in short term it will definitely have problems for FII flows.

Source: STOCK MARKET TIPS

 

On the daily chart IGL takes support of trend line and bounce backed from the lower levels of 590 and made doji candlestick rose with decent volumes yesterday session. So we advise to buy it above 613 for the target of 620 625 with stop loss below 607.50.

 

There is huge impact of Brexit on Indian market.

 

How to Deal with the impact of Brexit on your Stocks?

The impact of Brexit would be gradual but as a nature of the markets, it gives knee jerk reactions. On exit from EU Britain will have to assess lot of things about its trade polices and currency management and post that it will be clear how much they are able to assess the situation. So stocks with high exposure to Europe such as Tata Motors, Motherson Sumi, Bharat Forge, Tata Steel and other are Avoid at the moment, and instead stocks with business model focused in India should be on radar on the investors.

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