Soyabean yesterday we have seen that market has moved 0.76% on fresh buying supported by strong demand.  Indian meal prices are at much lower level compared to other countries hence more export enquiries may come for India. At the Indore spot market in top producer MP, soybean gained 10 Rs to 2184Re 100 kgs. Market has opened at 2234 & made a low of 2234 versus the day high of 2263. The total volume for the day was at 100940 lots and the open interest was at 118560.Support for soyabean is at 2232 below that could see a test of 2219. Resistance is now seen at 2261 above that could see a resistance of 2277.

Trading Ideas:

Soyabean trading range is 2219-2277.

Soyabean settled positive on fresh buying supported by strong demand

Soyabean is taking resistance at 2261 and support is seen at 2232.

NCDEX accredited warehouses soyabean stocks rose 227 tonnes to 1092 tonnes.

At the Indore spot market in top producer MP, soybean gained 10 Rs to 2184Re 100 kgs.