Soyabean closed the session with marginal losses amid thin trading Saturday. The market continued trading within limited range as fundamentals turned a bit sideways. The losses however were limited on account of mild recovery in spot oilseeds and edible oil prices.

Soyabean yesterday we have seen that market has moved -0.43%. Market has opened at 2310 & made a low of 2291 versus the day high of 2311. The total volume for the day was at 54670 lots and the open interest was at 160480. Support for soyabean is at 2288 below that could see a test of 2280. Resistance is now seen at 2308 above that could see a resistance of 2320.

Trading Ideas:

SOYABEAN TRADING RANGE IS 2240-2350.

SOYBEAN ENDED DOWN AS WEAK DEMAND FROM OIL MILLS WIEGHED

BUY SOYABEAN NOV @ 2280-2290 SL 2256 TGT 2312-2334-2356. NCDEX

SOME BOUNCE IN SOYBEAN CAN BE SEEN TILL RESISTANCE OF 2318.

A BREAK BELOW 2288 WILL FIND THE SUPPORT AT 2270-2260 LEVEL.

IN INDORE SPOT PRICES GAINED BY 6 RUPEES TO 2241 RUPEES PER 100 KG.

Commodity Analysis by Kedia Commodity, India's Premium Research House, Mumbai. Check out more commodity reviews at KediaCommodity. com