Soyabean yesterday we have seen that market has moved -0.34% on profit booking and weak news from spot market weighed. The total arrivals of 1 lakh bags at Madhya Pradesh and Maharashtra reported at 1.50 lakh bags. At the Indore spot market in top producer MP, soybean dropped -34 Rs to 2128Re 100 kgs. Market has opened at 2181 & made a low of 2153.5 versus the day high of 2193. The total volume for the day was at 92060 lots and the open interest was at 120760.Support for soyabean is at 2158 below that could see a test of 2136. Resistance is now seen at 2197 above that could see a resistance of 2215.

Trading Ideas:

Soyabean trading range is 2136-2215.

Soyabean settled weak on profit booking and weak news from spot market weighed

Soyabean is taking resistance at 2197 and support is seen at 2158.

The total arrivals of 1 lakh bags at Madhya Pradesh and Maharashtra reported at 1.50 lakh bags

At the Indore spot market in top producer MP, soybean dropped -34 Rs to 2128Re 100 kgs.