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Last Updated :Sep 02, 23:29 IST
933     (+13.9)
3820     (-73)
3495     (0)
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Ncdex soybean Search Results
Profits on short positions should be booked at the current levels and wait for the fresh call....
Overall trend for Soybean NCDEX for October contract is looking negative, however it may witness some recovery due to short covering from current levels.upport is seen at 3420 while 3530 is the res....
The medium-term price trend still looks bearish and the downside move is now likely to extend further towards the previous low at Rs.3399/3295.....
Hence the short term trend continues to look bearish for Soybean and a test of previous low at Rs.3483 (T) level looks possible.....
NCDEX Soybean , price made a low of Rs 3630 against target 3632. Hence, in our view, profits on short positions.....
The medium-term price trend still looks bearish and the downside move is now likely to extend further towards the previous low at Rs.3800/3732 level.....
The medium-term price trend still looks bullish and the upside move is now likely to extend further towards the previous top at Rs.4931/5064 level.....
Hence the short term trend continues to look bullish for Soybean and a test of previous top at Rs.4600 (T) level looks possible.....
Soybean turned bullish in India on damage to kharif crop due to water logging but short term prospects for the commodity appears weak as oilmeal demand is dull and millers are not buying aggressive....
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