Soyabean closed higher on gains in international markets. Stockists are also buying on speculation that arrival of the produce will fall further and demand might revive in the near-term. Soyabean yesterday we have seen that market has moved 0.52%. Market has opened at 1990 & made a low of 1982 versus the day high of 2020. The total volume for the day was at 54540 lots and the open interest was at 143430.Support for soyabean is at 1986 below that could see a test of 1965. Resistance is now seen at 2024 above that could see a resistance of 2041.

Trading Ideas:

Soyabean trading range is 1296-1372.

Soyabean closed higher on gains in international markets

Resistance for the soyabean is at 2024 and support is at 1986.

NCDEX accredited warehouses soyabean stocks rose by 1460 tonnes to 5512 tonnes.

In Indore spot prices settled at 2021 rupees per 100 kg

BUY SOYABEAN APR @ 2000 SL 1984 TGT 2015-2032-2045.NCDEX