Soybean yesterday rose on slight improvement in spot demand. In the Indore spot market in top producer Madhya Pradesh, soybean price rose by 7 rupees at 1,985 rupees. Soyabean yesterday we have seen that market has moved 1.04%. Market has opened at 2007 & made a low of 2005 versus the day high of 2044. The total volume for the day was at 57610 lots and the open interest was at 138080.Support for soyabean is at 2014 below that could see a test of 1990. Resistance is now seen at 2053 above that could see a resistance of 2068.

Trading Ideas:

Soyabean trading range is 1991-2069.

Soybean yesterday rose on slight improvement in spot demand

Resistance for the soyabean is at 2053 and support is at 2014.

Yesterday we have seen that open interest fell by 5240 and volume rose by 29850.

In Indore spot prices gained 7 rupees at 1,985 rupees per 100 kg

SELL SOYABEAN JUNE ON JUMP @ 2005 SL 2018 TGT 1986-1970.NCDEX