There is consistent buying seen at around 500 level in this counter.
Also current Dragonfly formation gives good indication of buying interest at below 520 levels.
Break above 526 will be good buying opportunity with SL of 514
Its always better to keep your portfolio divided into 3~4 non-co-related instruments.
I try to keep my portfolio diversified as below:
Nifty Junior :30%
Gold : 30%
Debt fund (Liquid) : 30 %
Now it seems high time that I re-balance and move significant of investment from gold to Nifty: