Ref Soyaoil yesterday traded with the positive node and settled 1.24% up at 655.95 tracking overseas gains and on healthy demand in local spot markets. At the Indore spot market soyoil edged up by 2.4 rupee to 640.5 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 649.3 after opening at 649.3, and finally settled at 655.95. For today's session market is looking to take support at 651.4, a break below could see a test of 646.9 and where as resistance is now likely to be seen at 658.4, a move above could see prices testing 660.8.

Trading Ideas:

Ref Soyaoil ended with positive node tracking overseas gains

Ref Soya oil looks to take support at 651.40 level

Ref Soya oil having resistance at 658.40 level

At the Indore spot market soyoil edged up by 2.4 rupee to 640.5 rupees 10 kgs.