Last Updated :
February 14, 2012 11:20
NCDEX soy oil trades higher, support at Rs.682-685: Angel
Oilseed complex are expected to trade range bound with weak sentiments on account of appreciation of INR against US dollar which will make cheaper imports of edible oil, India imports about 50% edible oil of its requirements. Exporter of oil meal will get less return on oil meal exports.
Arrival pressure of rabi oilseeds are also in favour of the bears.
Soy Oil Mar NCDEX Futures Rs./qtl support:682-685 resistance:690-692
Soybean NCDEX Mar Futures Rs./qtl support:2480-2500 resistance:2550-2565
RM Seed NCDEX Apr Futures Rs./qtl support:3320-3345 resistance:3400-3415
CPO MCX Mar Futures Rs./qtl support:525-527 resistance:533-535
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NCDEX SOYBEANINDOREJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
