Soyabean yesterday we have seen that market has moved 0.86% on strong spot demand due to a revival of meal exports. In the Indore spot market, soybean jumped 44 rupees to 2,119 rupees per 100 kg. Market has opened at 2172 & made a low of 2159.5 versus the day high of 2188. The total volume for the day was at 88880 lots and the open interest was at 125980.Support for soyabean is at 2155 below that could see a test of 2143. Resistance is now seen at 2184 above that could see a resistance of 2200.

Trading Ideas:

Soyabean trading range is 2143-2200.

Soyabean ended positive on strong spot demand

Resistance for the soyabean is at 2184 and support is at 2155.

NCDEX accredited warehouses soyabean stocks remained at 790 tonnes.

In Indore spot prices gained 44 rupees and settled at 2119 rupees per 100 kg