Ref Soyaoil yesterday traded with the positive node and settled 0.12% up at 631.7 due to good demand from spot market to meet the marriage season demand. Restricted arrivals from overseas markets also supported the rise in prices. At the Indore spot market soyoil edged up by 2 rupee to 631.65 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 631.05 after opening at 635, and finally settled at 631.7. For today's session market is looking to take support at 628.5, a break below could see a test of 625.3 and where as resistance is now likely to be seen at 637.5, a move above could see prices testing 643.2.

Trading Ideas:

Ref soyaoil trading range is 625.4-643.3.

Ref Soyaoil gained due to good demand from spot market to meet the marriage season demand.

Ref Soya oil looks to take support at 628.20 level

Ref Soya oil having resistance at 634.10 level

At the Indore spot market soyoil edged up  by 2 rupee to 631.65 rupees 10 kgs.