Ref Soyaoil yesterday traded with the negative node and settled -0.34% down at 598.7 after speculators booked profits at higher levels amid fall in demand in the spot market. Further, weak trend in overseas markets also put some pressure on the refined soya oil prices. At the Indore spot market soyoil edged down by -1.5 rupee to 577.2 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 596.6 after opening at 598.1, and finally settled at 598.7. For today's session market is looking to take support at 596.3, a break below could see a test of 593.9 and where as resistance is now likely to be seen at 601.4, a move above could see prices testing
604.1.

Trading Ideas:

Ref soyaoil trading range is 593.6-603.8.

Ref Soyaoil ended down on profit booking amid fall in spot market demand

Support for ref soya oil is seen at 596.30 level

Ref Soy oil looks to have a resistance at 601.40 level.

At the Indore spot market soyoil edged down by -1.5 rupee to 577.2 rupees 10 kgs.