Soyabean yesterday we have seen that market has moved -2.15% on the heels of fresh arrivals in major mandies along with bearish cues in international market. The total daily arrivals of around 8-10 lakh bags of soyabean reported in major mandies. At the Indore spot market in top producer MP, soybean dropped -17 Rs to 2163Re 100 kgs. Market has opened at 2245 & made a low of 2208 versus the day high of 2246.5. The total volume for the day was at 90590 lots and the open interest was at 122440.Support for soyabean is at 2196 below that could see a test of 2183. Resistance is now seen at 2235 above that could see a resistance of 2260.

Trading Ideas:

Soyabean trading range is 2183-2260.

Soyabean settled lower on the heels of fresh arrivals in major mandies

Soyabean is taking resistance at 2235 and support is seen at 2196.

The total daily arrivals of around 8-10 lakh bags of soyabean reported in major mandies

At the Indore spot market in top producer MP, soybean dropped -17 Rs to 2163Re 100 kgs.