Nifty closed at 4609 up 36 points and Sensex at 15289 up 295 points, thanks to global markets. Dow and nasdaq closed in red on wednesday, but saw a great rally on the last day of the week. Gold, silver nad crude have corrected, acc to me there are still more chances that the prices can correct. Our markets have already corrected around 29 % from the top. Few days back i have mentioned that the investors should start investing atleast 15-20 % of their portfolio size at the current prices, but the minimum investment period should be of 1 yr. The carnage that has been done cannot be regained so easily.Nifty has a resistance at 4650 - 4700 levels. Today we saw some short covering in Nifty. Major lossers---- REAL ESTATE STOCKS....... Informed well in advance to stay away from the sector, even if the markets turns around.............
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