Soyabean yesterday ended higher but overall market remained slack on bumper soybean crop in South America. In Indore spot market in top producer Madhya Pradesh, soybean price fell by 20 rupees to 2,004 rupees. Soyabean yesterday we have seen that market has moved 0.63%.

Market has opened at 2028 & made a low of 2021 versus the day high of 2055. The total volume for the day was at 34690 lots and the open interest was at 88410. Support for soyabean is at 2029 below that could see a test of 2008. Resistance is now seen at 2063 above that could see a resistance of 2076.

Trading Ideas:

Soyabean trading range is 2008-2076.

Soyabean yesterday ended higher but overall market remained slack

Resistance for the soyabean is at 2062 and support is at 2028.

Yesterday we have seen that open interest fell by 2670 and volume fell by 6100 lots.

In Indore spot prices dropped by 20 rupees lower to 2,004 rupees per 100 kg

SELL SOYABEAN APR @ 2065 SL 2082 TGT 2045-2026-2010.NCDEX