As expected, Nifty came down from the top of 11856 (which was above 29 PE - very very high) and is now at a support level. If anybody wants to buy Niftybees (Reliance ETF Nifty BeES) for long term investment then they can buy with 20%-25% of their capital now.
Uranium prices seems to have contracted and could soon provide a good and strong break out. The possibility of an upside break seems higher.
However, one must remember how this commodity has disappointed investors on several occasions in the past.