Soyabean yesterday traded with the negative node and settled -0.42% down at 2380.5 due to weakness in the U.S. soy futures. At the Indore spot market in top producer MP, soybean dropped -5 Rs to 2343Re 100 kgs. In yesterday's trading session Soyabean has touched the low of 2377 after opening at 2398, and finally settled at 2380.5. For today's session market is looking to take support at 2372, a break below could see a test of 2363.5 and where as resistance is now likely to be seen at 2394, a move above could see prices testing 2407.5.

Trading Ideas:

Soyabean trading range is 2364-2408.

Soyabean ended weak due to weakness in the U.S. soy

Soyabean is taking resistance at 2392 and support is seen at 2370.

NCDEX accredited warehouses soyabean stocks seen at 11497 tonnes.

At the Indore spot market in top producer MP, soybean dropped -5 Rs to 2343Re 100 kgs.

BUY SOYABEAN JAN @ 2360-2370 SL 2345 TGT 2390-2410.NCDEX