Soyabean yesterday ended tracking weak demand from spot market. Overseas market traded in positive territory but domestic prices failed to garner support from there. Soyabean yesterday we have seen that market has moved -0.21%. Market has opened at 2122 & made a low of 2102 versus the day high of 2134. The total volume for the day was at 52860 lots and the open interest was at 119020.Support for soyabean is at 2099 below that could see a test of 2085. Resistance is now seen at 2131 above that could see a resistance of 2149.

Trading Ideas:

Soyabean trading range is 2085-2149.

Soyabean yesterday ended tracking weak demand from spot market

Resistance for the soyabean oil is at 2099 and support is at 2131.

In Indore spot prices fell by 7 rupees and settled at 2,090 rupees per 100 kg

Yesterday we have seen that open interest at 119020 and volume at 52860 lots.

SELL SOYABEAN MAR @ 2125 SL 2142 TGT 2102-2090-2076.NCDEX