Soyabean yesterday we have seen that market has moved 1.16% as buying were seen in the market at lower levels. Prices were also supported by firm spot market. At the Indore spot market in top producer Madhya Pradesh, soybean gained 6 rupees to 1,893 rupees 100 kgs. Market has opened at 1895 & made a low of 1894 versus the day high of 1913. The total volume for the day was at 35850 lots and the open interest was at 139700.Support for soyabean is at 1900 below that could see a test of 1887. Resistance is now seen at 1919 above that could see a resistance of 1925.

Trading Ideas:

Soyabean trading range is 1887-1925.

Soyabean on Saturday ended higher as buying were seen at lower levels

Resistance for the soyabean is at 1919 and support is at 1900.

Yesterday we have seen that open interest rose by 2930 and volume fell by 6680

In Indore spot prices gained 6 rupees to end at 1,893 rupees per 100 kg

BUY SOYABEAN JULY @ 1900-1910 SL 1878 TGT 1922-1942.NCDEX