Soybean closed higher Saturday on overnight gains in CBOT soy prices. In Indore spot market in top producer Madhya Pradesh, soybean price gained 2 rupees lower to 2,017 rupees. Soyabean yesterday we have seen that market has moved 1.12%. Market has opened at 2034 & made a low of 2032 versus the day high of 2051. The total volume for the day was at 40600 lots and the open interest was at 107010.Support for soyabean is at 2037 below that could see a test of 2025. Resistance is now seen at 2056 above that could see a resistance of 2063.

Trading Ideas:

Soyabean trading range is 2025-2063.

Soybean closed higher Saturday on overnight gains in CBOT soy prices

Resistance for the soyabean is at 2056 and support is at 2037.

Yesterday we have seen that open interest fell by 6500 and volume rose by 1880 lots.

In Indore spot prices gained 2 rupees lower to 2,017 rupees per 100 kg

SELL SOYABEAN APR @ 2060 SL 2085 TGT 2045-2026-2010.NCDEX