Soybean edged higher tracking overseas leads, thin arrivals, firm domestic demand and concerns of a lower output. Soyabean yesterday we have seen that market has moved 0.33%. Market has opened at 2431 & made a low of 2427.5 versus the day high of 2443.

The total volume for the day was at 57980 lots and the open interest was at 127130. Support for soyabean is at 2427 below that could see a test of 2419. Resistance is now seen at 2443 above that could see a resistance of 2450.

Trading Ideas:

SOYABEAN TRADING RANGE IS 2380-2475

SOYBEAN EDGED HIGHER TRACKING OVERSEAS LEADS AND THIN ARRIVALS

SELL SOYABEAN DEC @ 2440-2450 SL 2472 TGT 2422-2402-2386.NCDEX

NOW RES IS AT 2443 AND TAKING SUPPORT OF 2419 LEVEL.

IN INDORE SPOT PRICES ROSE BY 9 RUPEES TO 2396 RUPEES PER 100 KG.