Soyabean yesterday we have seen that market has moved -0.56% on higher stocks. In the Indore spot market, soybean fell by 16 rupees to 1,900 rupees per 100 kg. Market has opened at 1955 & made a low of 1942.5 versus the day high of 1961. The total volume for the day was at 58090 lots and the open interest was at 124720.Support for soyabean is at 1940 below that could see a test of 1932. Resistance is now seen at 1959 above that could see a resistance of 1969.

Trading Ideas:

Soyabean trading range is 1932-1969.

Soyabean yesterday ended weak on higher stocks

Resistance for the soyabean is at 1959 and support is at 1940.

NCDEX accredited warehouses soyabean stocks rose by 101 tonnes to 3769 tonnes.

In Indore spot prices dropped 16 rupees and settled at 1,900 rupees per 100 kg

BUY SOYABEAN AUG ABV 1951 SL 1938 TGT 1970.NCDEX