Soyabean yesterday we have seen that market has moved 0.03% limited by weak factors and normal progress of monsoon. At the Indore spot market in top producer Madhya Pradesh, soybean was down by a rupee to 1,987 rupees.  Market has opened at 1975 & made a low of 1972 versus the day high of 1982. The total volume for the day was at 15790 lots and the open interest was at 143650.Support for soyabean is at 1972 below that could see a test of 1967. Resistance is now seen at 1982 above that could see a resistance of 1987.

Trading Ideas:

Soyabean trading range is 1960-1994.

Soyabean settled flat due to lack of cues from spot market

Resistance for the soyabean is at 1987 and support is at 1967.

NCDEX accredited warehouses soybean stocks rose 100 tonnes to 4811 tonnes.

In Indore spot prices inched down by a rupee to end at 1,987 rupees per 100 kg

SOYABEAN LOOK TO TRADE IN THE RANGE 1960-1990 WAIT FOR FRESH ENTRY.