Soyabean ended positive on lower vegoil imports in March. India's March vegetable oil imports down 1.3% from year earlier at 632,868 metric tons. Soyabean yesterday we have seen that market has moved 1.06%. Market has opened at 1980 & made a low of 1979 versus the day high of 2008. The total volume for the day was at 54890 lots and the open interest was at 138490.Support for soyabean is at 1981 below that could see a test of 1965. Resistance is now seen at 2010 above that could see a resistance of 2023.

Trading Ideas:

Soyabean trading range is 1965-2023.

Soyabean ended positive on lower vegoil imports in March

Resistance for the soyabean is at 2010 and support is at 1981.

NCDEX accredited warehouses soyabean stocks inched down by a tonne to 6059 tonnes.

In Indore spot prices gained by 5 rupees to 1,975 rupees per 100 kg

SOYABEAN BOUNCED BUT OVERALL BELOW 2020 MKT IS LOOKING WEAK FOR SUPPORT 1980.