Soyabean yesterday we have seen that market has moved 0.38% as some short covering is witnessed in the market. Some support from spot market is also seen as at Indore spot market soybean edged up by 16 rupees to 1,962 rupees. Market has opened at 1964 & made a low of 1964 versus the day high of 1979. The total volume for the day was at 36300 lots and the open interest was at 120550.Support for soyabean is at 1961 below that could see a test of 1955. Resistance is now seen at 1976 above that could see a resistance of 1985.

Trading Ideas:

Trading Ideas:

Soyabean trading range is 1955-1985.

Soyabean yesterday moved up as some short covering is witnessed in market

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

NCDEX accredited warehouses soyabean stocks gained by 732 tonnes to 4295 tonnes.

In Indore spot prices gained 16 rupees to end at 1,962 rupees per 100 kg

SOYBEAN RANGE 1940-1970 SELLING PRESSURE IS BEEN WITNESSED ON HIGHER LEVEL.