Soyabean yesterday we have seen that market has moved -0.3% due to weak spot market as demand was weak in market. At the Indore spot market in top producer Madhya Pradesh, soybean fell 13 rupees to 1,986 rupees. Market has opened at 1979 & made a low of 1965.5 versus the day high of 1982. The total volume for the day was at 18970 lots and the open interest was at 138810. Support for soyabean is at 1967 below that could see a test of 1958. Resistance is now seen at 1984 above that could see a resistance of 1991.

Trading Ideas:

Soyabean trading range is 1958-1991.

Soyabean on Saturday mover down due to weak spot market

Resistance for the soyabean is at 1984 and support is at 1967.

NCDEX accredited warehouses soybean stocks rose 59 tonnes to 4711 tonnes.

In Indore spot prices dropped 13 rupees to end at 1,986 rupees per 100 kg

SOYABEAN ABV 2010 LOOK TO BE GOOD SUPPORT RESISTANCE IS AT 2038 LEVEL.