Soyabean extended losses as oil millers trimmed buying in the spot market due to weak oilmeal exports. Millers were not buying actively in spot market due to a sharp fall in oilmeal exports. Soyabean yesterday we have seen that market has moved -0.29%. Market has opened at 2416 & made a low of 2393.5 versus the day high of 2416.

The total volume for the day was at 24510 lots and the open interest was at 65180. Support for soyabean is at 2396 below that could see a test of 2383. Resistance is now seen at 2419 above that could see a resistance of 2428.

Trading Ideas:

SOYABEAN TRADING RANGE IS 2350-2450

SOYBEAN EXTENDS LOSSES ON WEAK OILMEAL EXPORTS

BUY SOYBEAN DEC @ 2380-2390 SL 2365 TGT 2405-2422-2445.NCDEX

NOW RES IS AT 2422 AND TAKING SUPPORT OF 2396 LEVEL.

IN INDORE SPOT PRICES FELL BY 16 RUPEES TO END AT 2369 RUPEES PER 100 KG.