Soybean closed the session with losses Saturday amid absence of fresh cues. The market was very choppy and subdued due to closure of International markets. Soyabean yesterday we have seen that market has moved -0.14%. Market has opened at 2438 & made a low of 2425 versus the day high of 2438.

The total volume for the day was at 21730 lots and the open interest was at 75070. Support for soyabean is at 2427 below that could see a test of 2420. Resistance is now seen at 2440 above that could see a resistance of 2446.

Trading Ideas:

SOYABEAN TRADING RANGE IS 2385-2480

SOYABEAN CLOSED THE SESSION WITH LOSSES SATURDAY AMID ABSENCE OF FRESH CUES

BUY SOYBEAN DEC @ 2420 SL 2400 TGT 2245-2470-2295.NCDEX

NOW RES IS AT 2458 AND TAKING SUPPORT OF 2412 LEVEL.

IN INDORE SPOT PRICES FELL BY 6 RUPEES TO END AT 2387 RUPEES PER 100 KG.