Soyabean yesterday we have seen that market has moved 0.58% as lower level buying is emerging. In spot market demand has also improved. In the Indore spot market, soybean was up 8 rupees at 1,901 rupees for 100 kgs. Market has opened at 1897.5 & made a low of 1893 versus the day high of 1908. The total volume for the day was at 20450 lots and the open interest was at 146090.Support for soyabean is at 1894 below that could see a test of 1886. Resistance is now seen at 1909 above that could see a resistance of 1916.

Trading Ideas:

Soyabean trading range is 1887-1917.

Soyabean on Saturday ended higher as lower level buying is emerging

Resistance for the soyabean is at 1916 and support is at 1886.

NCDEX accredited warehouses soybean stocks rose 53 tonnes to 3728 tonnes.

In Indore spot prices fell by a rupee to end at 1,879 rupees per 100 kg

SELL SOYABEAN JULY @ 1910 SL 1928 TGT 1895-1880.NCDEX