Ref Soyaoil yesterday traded with the positive node and settled 0.67% up at 649 on good spot demand and firm global cues. At the Indore spot market soyoil edged up by 4.25 rupee to 635.7 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 645.1 after opening at 646.9, and finally settled at 649. For today's session market is looking to take support at 646.1, a break below could see a test of 643.2 and where as resistance is now likely to be seen at 650.9, a move above could see prices testing 652.8.

Trading Ideas:

Ref soyaoil trading range is 643.2-652.8.

Ref Soyaoil gained on good spot demand and firm global cues

Ref Soya oil looks to take support at 646.10 level

Ref Soya oil having resistance at 650.90 level

BUY REF. SOYA FEB ABV 650 SL 647.80 TGT 652.50-655-658. NCDEX

At the Indore spot market soyoil edged up by 4.25 rupee to 635.7 rupees 10 kgs.