Soyabean yesterday we have seen that market has moved 0.31% as lower level buying is emerging. In spot market demand has also improved. In the Indore spot market, soybean was up 8 rupees at 1,901 rupees for 100 kgs. Market has opened at 1914 & made a low of 1906 versus the day high of 1925. The total volume for the day was at 38530 lots and the open interest was at 147610.Support for soyabean is at 1908 below that could see a test of 1897. Resistance is now seen at 1927 above that could see a resistance of 1935.

Trading Ideas:

Soyabean trading range is 1897-1935.

Soyabean ended higher as lower level buying is emerging

Resistance for the soyabean is at 1927 and support is at 1908.

Yesterday we have seen that open interest rose by 7910 and volume by 2680

In Indore spot prices gained 8 rupees to end at 1,901 rupees per 100 kg

SOYBEAN AS PER EXPECTATION JUMPED NOW IMP RESISTANCE IS AT 1226 .NCDEX