Soyabean yesterday we have seen that market has moved -0.24% on weakness in overseas markets and as good rainfall in soyabean-growing areas boosted hopes of better crop. In the Indore spot market, soybean fell by 15 rupees to 2,040 rupees per 100 kg. Market has opened at 2071 & made a low of 2049 versus the day high of 2077. The total volume for the day was at 38310 lots and the open interest was at 68570.Support for soyabean is at 2052 below that could see a test of 2037. Resistance is now seen at 2080 above that could see a resistance of 2093.

Trading Ideas:

Soyabean trading range is 2037-2093.

Soyabean ended weak on weakness in overseas markets and good rainfall

Resistance for the soyabean is at 2080 and support is at 2052.

Yesterday we have seen open interest fell by 4510 and volume by 18190 lots

In Indore spot prices fell 15 rupees and settled at 2040 rupees per 100 kg