Soybean fell on weak meal exports, while soyoil eased tracking weakness in Malaysian palm oil. Malaysia's palm oil futures fell 1.7 percent on market talk of a drop in exports for Feb. 1-25, with long liquidation adding to the pressure. Soyabean yesterday we have seen that market has moved -1.3%. Market has opened at 2112 & made a low of 2080 versus the day high of 2112.5. The total volume for the day was at 97460 lots and the open interest was at 181540.Support for soyabean is at 2076 below that could see a test of 2062. Resistance is now seen at 2108 above that could see a resistance of 2127.

Trading Ideas:

Soyabean trading range is 2062-2127.

Soybean yesterday ended down on weak meal exports

Resistance for the soyabean is at 2108 and support is at 2076 level

In Indore spot prices of soyabean gained by 13 rupees to 2,107 rupees per 100 kg

NCDEX accredited warehouses soyabean stocks rose by 30 tonnes to 169 tonnes.

SELL SOYABEAN MAR ON JUMP @ 2115 SL 2134 TGT 2086-2068-2056.NCDEX