Soyabean yesterday we have seen that market has moved -0.63% on a drop in meal exports. The progress of monsoon rains over soybean growing areas also put pressure on the prices. In the Indore spot market, soybean was down 8 rupees at 1,893 rupees for 100 kg. Market has opened at 1924 & made a low of 1898 versus the day high of 1924. The total volume for the day was at 34710 lots and the open interest was at 147890.Support for soyabean is at 1896 below that could see a test of 1884. Resistance is now seen at 1922 above that could see a resistance of 1936.

Trading Ideas:

Soyabean trading range is 1884-1936.
Soyabean ended down on a drop in meal exports
Resistance for the soyabean is at 1922 and support is at 1896.
Yesterday we have seen that open interest rose by 280 and volume fell by 3820
In Indore spot prices fell 8 rupees to end at 1,893 rupees per 100 kg
SELL SOYABEAN @ 1910 SL 1922 TGT 1900-1885.NCDEX (STBT)