Soyabean yesterday we have seen that market has moved 1.63% on lower-level buying support. Export demand for soymeal has improved and that is supporting soybean prices. In the Indore spot market, soybean jumped 24 rupees to 1,996 rupees per 100 kg.

Market has opened at 2030 & made a low of 2026 versus the day high of 2062. The total volume for the day was at 90740 lots and the open interest was at
105380. Support for soyabean is at 2036 below that could see a test of 2013.

Resistance is now seen at 2072 above that could see a resistance of 2085. Trading Ideas: Soyabean trading range is 2013-2085. Soyabean ended positive on lower-level buying support Resistance for the soyabean is at 2072 and support is at 2036. Yesterday we have seen open interest fell by 11560 and volume by 850 lots In Indore spot prices rose by 24 rupees and settled at 1,996 rupees per 100 kg BUY SOYABEAN AUG @ 2050-2056 SL 2038 TGT 2070-2085.NCDEX