Soyabean yesterday we have seen that market has moved 0.84% on fresh buying by speculators. Higher acreage under summer-sown oilseeds and good rains in growing region weighed. At the Indore spot market in top producer Madhya Pradesh, soybean gained 23 rupee to 2069 rupee 100 kgs. Market has opened at 2075.5 & made a low of 2075.5 versus the day high of 2097. The total volume for the day was at 91710 lots and the open interest was at 142470.Support for soyabean is at 2078 below that could see a test of 2066. Resistance is now seen at 2100 above that could see a resistance of 2109.

Trading Ideas:

Soyabean trading range is 2067-2110.

Soyabean ended higher on fresh buying by speculators

Resistance for the soyabean is at 2100 and support is at 2078.

NCDEX accredited warehouses soyabean stocks remained at 3368 tonnes.

At the Indore spot market in top producer Madhya Pradesh, soybean gained 23 rupee to 2069 rupee 100 kgs.