Soybean ended flat as weak demand from oil mills offset strong overseas leads and a likely drop in the production. Soybean prices are expected to remain volatile and may trade in both directions, selling on rallies appears a better option. Soyabean yesterday we have seen that market has moved 0.09%. Market has opened at 2295 & made a low of 2278 versus the day high of 2312.

The total volume for the day was at 101200 lots and the open interest was at 159200. Support for soyabean is at 2276 below that could see a test of 2260. Resistance is now seen at 2310 above that could see a resistance of 2328.

Trading Ideas:

SOYABEAN TRADING RANGE IS 2250-2340.

SOYBEAN ENDED FLAT AS WEAK DEMAND FROM OIL MILLS WIEGHED.

BUY SOYABEAN DEC @ 2270-2280 SL 2256 TGT 2300-2326-2340.NCDEX .

SOYBEAN IS TAKING RES OF 2310 ABV THIS NEXT RES IS AT 2328-2346 LVL.

A BREAK BELOW 2276 WILL FIND THE SUPPORT AT 2260-2244 LEVEL.

IN INDORE SPOT PRICES FELL BY 11 RUPEES TO 2237 RUPEES PER 100 KG.