Soyabean yesterday we have seen that market has moved 0.51% as good export demand has supported the prices. China is buying significant amount of soybean from the world market. It is giving support to oilseed complex. In India also soymeal prices have risen in the past few days. At the Indore spot market in top producer MP, soybean gained 17 Rs to 2212Re 100 kgs. Market has opened at 2259 & made a low of 2253 versus the day high of 2281. The total volume for the day was at 70690 lots and the open interest was at 143590. Support for soyabean is at 2251 below that could see a test of 2238. Resistance is now seen at 2279 above that could see a resistance of 2294.

Trading Ideas:

Soyabean trading range is 2237-2293.

Soyabean ended positive as good export demand has supported

Soyabean is taking resistance at 2279 and support is seen at 2251.

NCDEX accredited warehouses chana stocks rose 109 tonnes to 5881 tonnes.

At the Indore spot market in top producer MP, soybean gained 17 Rs to 2212Re 100 kgs.