Soyabean yesterday we have seen that market has moved 1.71% on strong spot demand. In the Indore spot market, soybean jumped by 34 rupees to 2,028 rupees per 100 kg. Market has opened at 2035 & made a low of 2035 versus the day high of 2069. The total volume for the day was at 62080 lots and the open interest was at 76590.Support for soyabean is at 2039 below that could see a test of 2020. Resistance is now seen at 2073 above that could see a resistance of 2088.

Trading Ideas:

Soyabean trading range is 2020-2088.

Soyabean settled higher on strong spot demand

Resistance for the soyabean is at 2073 and support is at 2039.

Yesterday we have seen that open interest fell by 6290 and volume by 2650 lots

In Indore spot prices gained by 34 rupees and settled at 2028 rupees per 100 kg