Nifty Bulls Saved 50 SMA

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“The perfect trader-if such a person exists-is methodical and careful about making decisions, extremely disciplined, resilient to setbacks, with a high degree of internal confidence.  He holds strong opinions but is also able to admit quickly when he is wrong, not take it personally, and view it as a learning opportunity rather than a failure.  He understands the value of leaving his ego at the door.  He’s willing and able to trust his gut and place big bets when the opportunity presents itself.  In fact, that pretty well describes the ideal blend of characteristics of any successful person, no matter what he is doing professionally or personally”

Nifty

Above 50 SMA Bulls Exists and Below It Bears Rule from Short term Perceptive. What happened yesterday As discussed in Weekly View  5169 proved to be a resistance Nifty made high of 5162 and gave the much awaited correction.
Yesterday was the Read test of the current upmove and Nifty passed the Litmus test by holding the 50 SMA@5012 made a low of 5011 and today will Open gap up around 5084 filling the yesterday gap with a gap up opening.
Trading above 50 SMA  give the possibility of breaking the Laxman Rekha of ...

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