Soybean ended steady as pressure from rising arrivals and sluggish domestic demand was offset by firm overseas markets. Malaysian crude palm oil futures edged up 0.5 percent on Tuesday on speculative buying. Soyabean yesterday we have seen that market has moved -0.06%. Market has opened at 2449 & made a low of 2422 versus the day high of 2453. The total volume for the day was at 65380 lots and the open interest was at 186440.Support for soyabean is at 2419 below that could see a test of 2405. Resistance is now seen at 2450 above that could see a resistance of 2467.

Trading Ideas:

SOYABEAN TRADING RANGE IS 2380-2490

SOYBEAN ENDED STEADY DUE TO PRESSURE FROM RISING ARRIVALS

BUY SOYABEAN JAN @ 2405-2415 SL 2390 TGT 2440-2456-2472.NCDEX

NOW RES IS AT 2450 AND TAKING SUPPORT OF 2419 LEVEL.

IN INDORE SPOT PRICES ROSE BY 12 RUPEES TO END AT 2360 RUPEES PER 100 KG.