Soyabean yesterday we have seen that market has moved more that 1% as traders reduced their positions largely triggered by weakening global trend. Spot market trader are offloading there positions following weak trend in the overseas market pulled down soyabean prices at futures market. Market has opened at 2151 & made a low of 2136 versus the day high of 2160. The total volume for the day was at 59030 lots and the open interest was at 179680. Support for soyabean is at 2130 below that could see a test of 2121. Resistance is now seen at 2154 above that could see a resistance of 2169.

Trading Ideas:

Soyabean trading range is -1440-2880.

Soyabean dipped more that 1% as traders reduced their positions largely triggered by weakening global trend.

Soyabean today will face resistance at 2167 level where selling pressure will be seen for support 2112 level

The total volume for the day was at 59030 lots and the open interest was at 179680.

Spot prices of soya bean traded in the range of around Rs 2130-2150 quintal

SELL SOYABEAN MAR @ 2165 SL 2188 TGT 2148-2126-2112.NCDEX