A rise in palm oil prices may have supported CPO prices. For intra-day, support for the commodity is seen at 463 while 477 is the resistance. Traders may buy around 467 with stop loss of 463 for the target of 477..
“Support for the commodity is seen at 1130 while 1205 is the resistance. Traders may sell around 1175 with the stop loss of 1205 for the target of 1130,” noted Milan.
However, overall import of vegetable oils during Nov.’12 to Apr.’13 is reported at 5,279,505 tons compared to 4,714,963 i.e. up by 11.97%.
Support for NCDEX castor seed is seen at 3320 level while 3580 is the resistance. Traders may buy around 3400 with the stop loss of 3320 for target 3580. Also, overall trend for NCDEX coriander for..