Soyabean yesterday we have seen that market has moved -0.65%. Market has opened at 2161 & made a low of 2154 versus the day high of 2179.5. Spot prices of soya bean traded in the range of around Rs 2130-2150 quintal ( without taxes ), up Rs 10 per quintal with the total fresh arrivals of 35000 bags at Madhya Pradesh and Maharashtra reported 20000 bags with price range of Rs 2125-2140 per quintal, up Rs 10 per quintal.

The total volume for the day was at 59650 lots and the open interest was at 169620. Support for soyabean is at 2147 below that could see a test of 2138. Resistance is now seen at 2173 above that could see a resistance of 2189.

Trading Ideas:

Soyabean trading range is -1453-2906.

Soybean extended losses bolstered by overnight profit booking in the U. S. market

Soyabean today will face resistance at 2167 level where selling pressure will be seen for support 2138 level

Volume for the soybean is seen at 79660 and open interest at 132240.

Gains were supported by overseas market but mkt will looks towards USDA report

SELL SOYABEAN MAR @ 2190 SL 2216 TGT 2170-2148-2126.NCDEX