Soybean posted losses despite gains registered across international bourses. In the Indore spot market, soybean rose by 13 rupees at 1,998 rupees. Soyabean yesterday we have seen that market has moved -0.45%. Market has opened at 1995 & made a low of 1988 versus the day high of 2006. The total volume for the day was at 42310 lots and the open interest was at 113990. Support for soyabean is at 1982 below that could see a test of 1976. Resistance is now seen at 2000 above that could see a resistance of 2012.

Trading Ideas:

Soyabean trading range is 1976-2012.

Soybean posted losses despite gains registered across international bourses

Resistance for the soyabean is at 2000 and support is at 1976.

NCDEX accredited warehouses soyabean stocks remained steady to 6497 tonnes.

In Indore spot prices gained 13 rupees at 1,998 rupees per 100 kg

SELL SOYABEAN JUNE BELOW 1975 SL 1990 TGT 1960-1942. NCDEX