SOYABEAN FUTURES TRADE UP ON SHORT COVERING
Date: 23/3/2012
Soyabean futures were trading higher due to short covering; the prices have softened in last couple of days and were getting resistance on higher levels. Traders are of the view that Soybean market may get support in short term from the RMseed which is moving fast in the northward direction.
The contract for April delivery was trading at Rs 2,923.00, up by 0.85% or Rs 24.50 from its previous closing of Rs 2,898.50. The open interest of the contract stood at 203630 lots.
The contract for April delivery was trading at Rs 2,923.00, up by 0.85% or Rs 24.50 from its previous closing of Rs 2,898.50. The open interest of the contract stood at 203630 lots.
The contract for May delivery was trading at Rs 2,945.50, up by 0.87% or Rs 25.50 from its previous closing of Rs 2,920.00. The open interest of the contract stood at 181190 lots on NCDEX. www.goldennifty.com
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