Soyabean yesterday we have seen that market has moved 0.05% tracking firm US soybean. Some pressure from spot market is seen as at Indore spot market soybean edged down by 4 rupees to 1,965 rupees Market has opened at 1976 & made a low of 1972 versus the day high of 1992. The total volume for the day was at 25950 lots and the open interest was at 118830. Support for soyabean is at 1972 below that could see a test of 1962. Resistance is now seen at 1992 above that could see a resistance of 2002.

Trading Ideas:

Soyabean trading range is 1962-2002.

Soyabean moved positive on Saturday tracking firm US soybean

Resistance for the soyabean is at 1992 and support is at 1972.

NCDEX accredited warehouses soyabean stocks gained by 37 tonnes to 4562 tonnes.

In Indore spot prices dropped 4 rupees to end at 1,965 rupees per 100 kg

SOYABEAN LOOKING TILL 2000 MARK WAIT FOR FRESH ENTRY. NCDEX