Market Live:Sensex.

 To find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies.Nifty gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made investors wary. The index formed an ‘Inverted Hammer’ or a Shooting Star kind of formation  ‘Shooting Star’ pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in near future.BJP dramatically improved its performance from the last elections, reports that the Congress was ready to provide support to the JDS, the indices slipped exact ‘Shooting Star’ formation, the distance between the lowest price for the day and the closing price must be very small or nonexistent. However, in Tuesday’s session, Nifty50 opened at 10,812.60 and slipped to an intraday low of 10,781.40. It closed 4.75 points lower at 10,801.85.If index forms a bearish candle in Wednesday’s trade there is a higher probability that the trend could reverse from current levels. But, even for the trend to reverse, Nifty50 must close below 10,600 levels.

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