| Date: |
12-08-2010 |
| Subject: |
India Refined Soya Oil Futures Trade Lower |
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India Refined Soya Oil futures dipped tracking weak CBOT Soya Oil futures in the after-hours trading session. Malaysian CPO futures benchmark October contract traded in the range of MYR 2704-2662 per tonne and the counter is now trading at MYR 2690, up MYR 13 from last close. E-CBOT Refined Soya futures September contract is now trading down $0.10 at $4167.
NCDEX Refined Soya Oil futures benchmark September contract opened at Rs 515.50 and slumped to the low of Rs 511.70 per 10 kg. The counter is now trading at Rs 513, down 1.55 or 0.30 percent from last close. The open interest in the contract added 1.57 percent to 1,57,190 tonnes, indicating short selling and volume traded as of now stood at 36,450 tonnes.
Technically, benchmark September contract has next resistance at Rs 519.00 and support at Rs 510.10 per 10 kg.
Source : indiainfoline.com
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