Soybean fell anticipating higher availability of oilseeds in the world market. Soybean demand was also weak in the physical market. At the Indore spot market soybean edged lower by 12 rupees to 1,961 rupees. Soyabean yesterday we have seen that market has moved -0.83%. Market has opened at 1976 & made a low of 1957.5 versus the day high of 1978.5. The total volume for the day was at 47330 lots and the open interest was at 132910.Support for soyabean is at 1955 below that could see a test of 1946. Resistance is now seen at 1976 above that could see a resistance of 1988.

Trading Ideas:

Soyabean trading range is 1950-1992.

Soybean fell anticipating higher availability of oilseeds in the world market

Resistance for the soyabean is at 1976 and support is at 1955.

Yesterday we have seen that open interest rose by 10040 and volume by 16700

In Indore spot prices slipped 12 rupees at 1,961 rupees per 100 kg

SELL SOYABEAN JUNE @ 1970-1975 SL 1990 TGT 1956-1938.NCDEX