Soybean rose after hitting contract lows as firmness in the U.S. market prompted bargain-buying, though weak meal exports capped the rise. U.S. soybean futures gained 0.5 percent on Tuesday, rising for a second straight day as loading delays in Brazil, the world's second largest exporter, supported the market. Soyabean yesterday we have seen that market has moved 1.06%. Market has opened at 1936 & made a low of 1936 versus the day high of 1964. The total volume for the day was at 40800 lots and the open interest was at 152730.Support for soyabean is at 1944 below that could see a test of 1926. Resistance is now seen at 1972 above that could see a resistance of 1982.

Trading Ideas:

Soyabean trading range is 1926-1982.

Soybean rose after hitting contract lows as firmness in the U.S. market prompted bargain-buying

Resistance for the soyabean is at 1972 and support is at 1944.

NCDEX accredited warehouses soyabean stocks rose by 370 tonnes to 548 tonnes.

In Indore spot prices rose by 26 rupees and settled at 2011 rupees per 100 kg

SELL SOYABEAN APR @ 1980 SL 2000 TGT 1956-1938-1920.NCDEX