Soybean prices were steady at closed on limited trading. Soy oil prices were weak at closed on poor buying support at higher. Soyabean yesterday we have seen that market has moved -0.27%. Market has opened at 2396 & made a low of 2392.5 versus the day high of 2408. The total volume for the day was at 52410 lots and the open interest was at 133090.Support for soyabean is at 2390 below that could see a test of 2383. Resistance is now seen at 2405 above that could see a resistance of 2414.

Trading Ideas:

Soyabean trading range 2350-2440

Soybean yesterday ended steady on poor buying support

Now soyabean will get resistance at 2408.

Soyabean is getting support at 2383 level if broken we can see prices till 2360 level.

In Indore spot prices fell by 3 rupees to end at 2348 rupees per 100 kg.

BUY SOYABEAN JAN @ 2380-2390 SL 2368 TGT 2406-2420-2435.NCDEX