NCDEX refined soya oil for delivery in April edged up by Rs 1.20, or 0.20%, to Rs 592 per 10 kg with an open interest of 1,03,270 lots.
oil for delivery in May traded higher by Re one, or 0.18%, to Rs 570.65 per 10 kg in 90,490 lots.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 605.45 rupees per 10 kgs.
Technically market is under long liquidation as market has witnessed drop in open interest by -3.87% to settled at 102760 while prices down -7.75 rupee, now Ref.Soya oil is getting support at 589 and below same could see a test of 586 level, and resistance is now likely to be seen at 596, a move above could see prices testing 600.Get real time advice for Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
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