Soyabean yesterday we have seen that market has ended steady as prices pared early gains on appreciation in the rupee. Soybean traded earlier in the day due to improvement in local demand and lower output estimates. At the Indore spot market in top producer Madhya Pradesh, soybean climbed 17 rupees to 1,993 rupees. Market has opened at 2023 & made a low of 2017.5 versus the day high of 2039.5. The total volume for the day was at 54090 lots and the open interest was at 110080.Support for soyabean is at 2012 below that could see a test of 2004. Resistance is now seen at 2034 above that could see a resistance of 2048.

Trading Ideas:

Soyabean trading range is 2004-2048.

Soyabean ended steady paring early gains on appreciation in the rupee

Resistance for the soyabean is at 2034 and support is at 2012.

Yesterday we have seen that open interest fell by 4060 and volume rose by 24300

In Indore spot prices rose 17 rupees to end at 1,993 rupees per 100 kg

SOYABEAN ABV 2010 LOOK TO BE GOOD SUPPORT RESISTANCE IS AT 2038 LEVEL.