Soybean ended firm as lower-level buying offset weak spot demand due to a drop in meal exports. The slack export demand for soy meal due to higher price compared to other origins is underpinning the soybean price. Soyabean yesterday we have seen that market has moved 0.6%. Market has opened at 2087 & made a low of 2079 versus the day high of 2090. The total volume for the day was at 26890 lots and the open interest was at 168160.Support for soyabean is at 2079 below that could see a test of 2074. Resistance is now seen at 2090 above

that could see a resistance of 2096.

Trading Ideas:

Soyabean trading range is 2074-2096.

Soybean ended firm on Saturday due to lower-level buying

Resistance for the soyabean is at 2098 and support is at 2072 level

In Indore spot prices fell by 27 rupees to 2,059 rupees per 100 kg

Yesterday we have seen that open interest at 168160 and volume at 26890 lots.

SELL SOYABEAN MAR @ 2090 SL 2108 TGT 2076-2050-2035.NCDEX