Soyabean ended positive Saturday as traders showed interest in buying at lower-level. Soybean arrivals were very low in physical market. Farmers were not bringing their produce to the market due to lower prices. In the Indore spot market soybean price climbed by 20 rupees to 1,986 rupees. Soyabean yesterday we have seen that market has moved 0.5%. Market has opened at 1997 & made a low of 1991.5 versus the day high of 2017. The total volume for the day was at 33480 lots and the open interest was at 150660.Support for soyabean is at 1995 below that could see a test of 1980. Resistance is now seen at 2020 above that could see a resistance of 2031.

Trading Ideas:

Soyabean trading range is 1980-2031.

Soyabean ended positive Saturday due to buying at lower-level

Resistance for the soyabean is at 2020 and support is at 1995.

NCDEX accredited warehouses soyabean stocks remained steady at 6497 tonnes.

In Indore spot prices gained 20 rupees at 1,986 rupees per 100 kg

SELL SOYABEAN MAY BELOW 2000 SL 2012 TGT 1978.NCDEX