Brexit came with big surprise, casting its dark shadow over the financial markets but suddenly today people are questioning whether UK will actually leave or not ! Such infirmity on either side makes trading condition treacherous. Especially for trading distant market indices which trade based on derived influence from the actual events.
NIFTY's inability to flush it all or jump over all hurdles is keeping our hands tight. After a long time NIFTY monthly chart is forming a which depicts the prevailing indecision. Until and unless something happens with lasting influence to roll the index again, traders will be very reluctant to take on more risk on either side of the trade. Besides this is a long weekend ( 4th July - USA Independence Day ) in USA so as we approach Thursday, trading activity will start to dwindle.