Brexit uncertainties grips Indian markets

[DynamicLevels]

Brexit uncertainties gripped Indian markets on Monday morning and the Nifty share price (https://www.dynamiclevels.com/en/nifty/nifty-share-price) was all set to open gap down backed by heavy selling from FII’s and Propriety traders. The Pound Sterling revealed telltale signs of an imminent collapse even as it fell sharply by 150 ticks.Early on Tuesday markets looked poised for a nose dive while panic hit the streets, thanks to some smart media coverage by The Sun. The bears were eying 8060, below which the Nifty would slip into its short term sell trend.The leave campaign was getting louder by the hour even as bulls and bears fought hard to gain control over the market on Wednesday. Global markets waited with bated breath hoping Fed Chair Yellen would clear the air of uncertainty while crude oil prices slipped to its support area of $47.65.The Nifty swung back and forth between 8199 and 8085 even as the Bank Of England inched closer to releasing its minutes on Thursday.The benchmark index closed at 8154 Thursday only to open 50 points gap up on Friday keeping the bulls ahead of the bears in the run up to the referendum on the 23rd of June.

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