Ref Soyaoil yesterday traded with the positive node and settled 0.18% up at 640.1 on increased buying by speculators on rising demand in the spot market. Fall in supplies from overseas markets also supported the rise in prices. At the Indore spot market soyoil edged up by 1.9 rupee to 631.1 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 638.6 after opening at 641.45, and finally settled at 640.1. For today's session market is looking to take support at 636.5, a break below could see a test of 632.8 and where as resistance is now likely to be seen at 645.9, a move above could see prices testing 651.6.

Trading Ideas:

Ref soyaoil trading range is 632.7-651.5.

Ref Soyaoil ended firm on increased buying on rising demand in the spot market.

Ref Soya oil looks to take support at 645.90 level

Ref Soya oil having resistance at 636.50 level

REF. SOYA WILL WAIT FOR FRESH ENTRY.

At the Indore spot market soyoil edged up by 1.9 rupee to 631.1 rupees 10 kgs.