- Ref.Soya oil trading range for the day is 643-655.
- Ref.Soyaoil settled up by 0.46% at 649.8 as prices seen supported after the government hiked import duty on edible oil.
- At the Indore spot market in Madhya Pradesh, soya oil was steady at 672.35 rupees per 10 kgs.
- Technically market is under short covering as market has witnessed drop in open interest by -1.24% to settled at 73915 while prices up 2.95 rupee.
- Now Ref.Soya oil is getting support at 646 and below same could see a test of 643 level, and resistance is now likely to be seen at 652, a move above could see prices testing 655.
TREND MIXED TO BULLISH STRATEGY: BUY ON DIPS
RESIST 2:3440 || RESIST 1:3415 SUP1:3355 || SUP2:3320
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