India, Sept. 11 -- Technically Soyabean market is under fresh buying as market has witnessed gain in open interest by 6. 15% to settled at 38570 while prices up 59 rupees.
Now NCDEX Soyabean is getting support at 3828 and below same could see a test of 3776 levels and resistance is now likely to be seen at 3910 a move above could see prices testing 3940.
Soyabean yesterday settled up by 1.54% at 3881 as support seen after as there is a possibility of crop damage due to virus infection on soybean crop in Madhya Pradesh. Support also seen tracking rise in overseas prices underpinned by strong demand from China.
The U.S. Department of Agriculture confirmed soybean sales to China for a fourth straight business day announcing sales of 238000 ...