Soybean ended firm on some lower-level buying support though outlook remains weak such as dull demand and higher stocks. At the Indore spot market soybean edged up by 13 rupees to 1,967 rupees. Soyabean yesterday we have seen that market has moved 0.51%. Market has opened at 1974 & made a low of 1972 versus the day high of 1981. The total volume for the day was at 13490 lots and the open interest was at 123150.Support for soyabean is at 1972 below that could see a test of 1967. Resistance is now seen at 1981 above that could see a resistance of 1985.

Trading Ideas:

Soyabean trading range is 1967-1985.

Soybean ended firm on some lower-level buying support

Resistance for the soyabean is at 1985 and support is at 1967.

NCDEX accredited warehouses soyabean stocks remained steady at 2179 tonnes.

In Indore spot prices jumped 13 rupees at 1,967 rupees per 100 kg

SELL SOYABEAN JUNE @ 1980-1990 SL 2005 TGT 1962-1950.NCDEX