Soybean Could Witness Another Round Of Fresh Buying

Published 05/09/2012, 05:24 AM
Updated 05/14/2017, 06:45 AM

Soybean trading range for the day is 3510-3662. Support for Soybean is at 3552 below that could see a test of 3510. Resistance is seen at 3628 above that could see a resistance of 3662. Market has opened at 3545 & made a low of 3544 versus the day high of 3620. The total volume for the day was at 61560 lots and the open interest was at 38980.

NCDEX soybean futures traded higher on Tuesday account of short covering and some fresh buying was witnessed after sharp fall in previous trading session.

Soybean prices ended higher on last day’s trading session at Rs.3673 for June contract up by 1.41%. However, negative movement was noticed on CBOT platform where July futures ended at 1425.25 levels down by 0.26%.

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