Falling for the second straight day, refined soya oil prices fell 0.27 per cent to Rs 608.30 per 10 kg in futures trade today amid subdued demand in the spot market.
At NCDEX refined soya oil for delivery in August eased Rs 1.65, or 0.27 per cent, to Rs 608.30 per 10 kg with an open interest of 1,97,430 lots.
Similarly, the oil for delivery in June contracts edged down Rs 1.30, or 0.21 per cent, to Rs 619.75 per 10 kg in 40,300 lots.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 623.4 rupees per 10 kgs. Technically market is under fresh selling as market has witnessed gain in open interest by 4.56% to settled at 195505 while prices down -3.2 rupee, now Ref.Soya oil is getting support at 606 and below same could see a test of 603 level, and resistance is now likely to be seen at 613, a move above could see prices testing 617.
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