Soyabeen edged higher tracking strong global leads, but rising arrivals and sluggish domestic demand on falling oilmeal exports kept the upside limited. Malaysian crude palm oil surged 2.3 percent to their highest closing level in six and a half months supported by a crude oil price rebound and fresh buying in the physical market Soyabean yesterday we have seen that market has moved 1.11%.

Market has opened at 2436.5 & made a low of 2431 versus the day high of 2459.5. The total volume for the day was at 57220 lots and the open interest was at 183530. Support for soyabean is at
2440.5 below that could see a test of 2421.5. Resistance is now seen at 2469 above that could see a resistance of 2478.5.

Trading Ideas:

SOYABEAN TRADING RANGE IS 2410-2510

SOYBEAN YESTERDAY EDGED HIGHER TRACKING STRONG GLOBAL LEADS

BUY SOYABEAN JAN @ 2430-2440 SL 2402 TGT 2456-2470-2488.NCDEX

NOW RES IS AT 2472 AND TAKING SUPPORT OF 2440 LEVEL.

IN INDORE SPOT PRICES ROSE BY 14 RUPEES TO END AT 2374 RUPEES PER 100 KG.