date:Jan 10, 2013
a high of 696.8 rupees, a level last seen on January 3.
The contract had gained 1.25 percent in the previous two sessions.
Fundamentals are still weak as soymeal demand is declining, so we won't see a major upside in prices, said Chowda Reddy, a senior analyst with JRG Wealth Management.
Rapeseed for April was 0.20 percent higher at 3,557 rupees per 100 kg. The actively traded soybean contract for February delivery on the NCDEX was 1.14 percent higher at 3,182 rupees per 100 kg.
Resistance