Soyabean yesterday we have seen that market has moved 1.25%. Market has opened at 2105.5 & made a low of 2100 versus the day high of 2147. The total volume for the day was at 72800 lots and the open interest was at 140620.Support for soyabean is at 2111 below that could see a test of 2082. Resistance is now seen at 2158 above that could see a resistance of 2176.

Trading Ideas:

Soyabean trading range is 2082-2176.

Soyabean ended up due to rise in palm oil and delay in rapeseed arrivals

Resistance for the soyabean is at 2158 and support is at 2111 level

In Indore spot prices gained by 24 rupees to 2,110 rupees per 100 kg

NCDEX accredited warehouses soyabean stocks rose by 59 tonnes to 228 tonnes.

BUY SOYABEAN MAR @ 2115-2125 SL BELOW 2096 TGT 2140-2158-2165.NCDEX