Dollar Weakness?

Fed has keep interest rate unchanged and this made Dollar to dip further. It will have positive impact on commodity . But it remains to be seen how commodity demand picks up in near future .

As long as Nifty is trading below its 50 DMA (4870)one should trade light with less quantity and be quick enough to take profits.

Jindal Steel and Power looks interesting as it did not tank much during the recent melt down . It did not dip below its 50 DMA , 608 is acting as strong support and resistances are at 685 / 735 . If its able to trade above yesterday high of 650 it will gain further strength.