Soybean on Saturday settled steady due to weak global cues. The downward revision in production estimate is supporting oilseed complex. In short-term, it will keep prices on higher side despite weak meal exports. Soyabean yesterday we have seen that market has moved 0.07%. Market has opened at 2084.5 & made a low of 2074.5 versus the day high of 2094.

The total volume for the day was at 37320 lots and the open interest was at 199600.Support for soyabean is at 2075 below that could see a test of 2065. Resistance is now seen at 2095 above that could see a resistance of 2104.

Trading Ideas:

Soyabean trading range is 2065-2104.

Soybean on Saturday settled steady due to weak global cues

Resistance for the soyabean is at 2098 and support is at 2072 level

In Indore spot prices of soyabean fell by 14 rupees to 2,081 rupees per 100 kg

Yesterday we have seen that open interest at 199600 and volume at 37320.

BUY SOYABEAN MAR ABV 2099 SL 2078 TGT 2116-2130-2145.NCDEX