Soyabean yesterday we have seen that market has moved -0.03% amid lack of cues from global market. At the Indore spot market in top producer Madhya Pradesh, soybean edged up by 2 rupees to 1,988 rupees. Market has opened at 1973 & made a low of 1969 versus the day high of 1986. The total volume for the day was at 33460 lots and the open interest was at 141710.Support for soyabean is at 1968 below that could see a test of 1960. Resistance is now seen at 1985 above that could see a resistance of 1994.

Trading Ideas:

Soyabean trading range is 1960-1994.

Soyabean settled flat amid lack of cues from global market

Resistance for the soyabean is at 1985 and support is at 1968.

Yesterday we have seen that open interest rose by 2900 and volume by 14490

In Indore spot prices gained 2 rupees to end at 1,988 rupees per 100 kg

BUY SOYABEAN JULY @ 1970 SL 1956 TGT 1985-2000.NCDEX