Refined soya oil prices fell further by 0.67 per cent to Rs 572.80 per 10 kg in futures trade today as speculators trimmed positions following subdued demand in spot market against adequate stocks.
At the NCDEX , refined soya oil for delivery in August eased by Rs 3.85, or 0.67 per cent to Rs 572.80 per 10 kg with an open interest of 1,53,870 lots.
Similarly, oil for delivery in June shed Rs 2.45, or 0.42 per cent to Rs 584.70 per 10 kg in 1,11,705 lots.
Technically market is under fresh selling as market has witnessed gain in open interest by 1.04% to settled at 112345 while prices down -6.25 rupee, now Ref.Soya oil is getting support at 584 and below same could see a test of 582 level, and resistance is now likely to be seen at 591, a move above could see prices testing 596.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity Tips , Commodity free tips , Commodity intraday tips , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.Similarly, oil for delivery in June shed Rs 2.45, or 0.42 per cent to Rs 584.70 per 10 kg in 1,11,705 lots.
Technically market is under fresh selling as market has witnessed gain in open interest by 1.04% to settled at 112345 while prices down -6.25 rupee, now Ref.Soya oil is getting support at 584 and below same could see a test of 582 level, and resistance is now likely to be seen at 591, a move above could see prices testing 596.
0 comments:
Post a Comment