Soybean extended the previous session's gains bolstered by overnight gains in the U.S. market and a likely fall in the main winter oilseed crop. Gains in overseas markets are supporting soybean, but market is eying USDA report. Soyabean yesterday we have seen that market has moved 0.69%. Market has opened at 2139 & made a low of 2139 versus the day high of 2168. The total volume for the day was at 79660 lots and the open interest was at 132240.Support for soyabean is at 2138 below that could see a test of 2124. Resistance is now seen at 2167 above that could see a resistance of 2182.

Soyabean trading range is -1445-2891.

Soybean extended gains bolstered by overnight gains 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

BUY SOYABEAN MAR @ 2120 SL 2100 TGT 2138-2156-2170.NCDEX