Earlier this week on Karnataka Elections result day markets showed a roller coaster ride, after initial exuberance markets rose by 300 points ,but could not sustain on the elevated levels and witnessed a profit booking led sell off, it possibly gave all the gains and ended in RED forming a crucial "Shooting Star" Pattern on Daily charts.Keeping in view the rising Dollar(Weakening Rupee), Boiling Oil prices, and soaring Core inflation and possibly the bounce back from 10000 levels ,participants doesn't seem to be in hurry to take out the all time high. Whereas we are likely to witness some selling pressure in coming days. We have been in selling mode for this whole week.Nifty has now formed a "Bearish Engulfing" pattern on weekly charts further tri...