Soybean ended down as soy prices displayed bearish trend. At the Indore spot market soybean fell 13 rupees at 1,985 rupees. Soyabean yesterday we have seen that market has moved -0.3%. Market has opened at 1990 & made a low of 1982 versus the day high of 2001. The total volume for the day was at 30550 lots and the open interest was at 119150.Support for soyabean is at 1982 below that could see a test of 1972. Resistance is now seen at 2001 above that could see a resistance of 2010.

Trading Ideas:

Soyabean trading range is 1972-2010.

Soybean ended down as soy prices displayed bearish trend

Resistance for the soyabean is at 2010 and support is at 1972.

Yesterday we have seen that open interest rose by 4980 and volume fell by 11760

In Indore spot prices fell 13 rupees at 1,985 rupees per 100 kg

SELL SOYABEAN JUNE BELWO 1989 SL 2002 TGT 1967-1940.NCDEX