Soyabean closed the session with marginal losses Saturday, extended correction to the sharp gain of this week. A pause in rally in prices was because of closure of international market and partial profit booking ahead of the weekend. The market is expected to resume the upsides move again on lower projection of kharif oilseeds output and firm international prices.

Soyabean yesterday we have seen that market has moved -0.12%. Market has opened at 2410 & made a low of 2394 versus the day high of 2410. The total volume for the day was at 42910 lots and the open interest was at 137520. Support for soyabean is at 2393 below that could see a test of 2385. Resistance is now seen at 2409 above that could see a resistance of 2417.

Trading Ideas:

SOYABEAN TRADING RANGE IS 2350-2450

SOYABEAN ENDED DOWN ON PROFIT AFTER 5 DAYS GAINS ON SATURDAY

BUY SOYABEAN DEC @ 2410-2420 SL 2390 TGT 2445-2460-2478.NCDEX

NOW RES IS AT 2413 ABV THIS LOOKS TILL 2422-2438 LEVEL.

SUPPORT FOR THE SOYABEAN IS AT 2385 BELOW THIS LOOKS TILL 2370-2355.

IN INDORE SPOT PRICES GAINED BY 28 RUPEES TO 2329 RUPEES PER 100 KG.