Indian soy futures continues uptrend gain on export demand

India's soy June contract moved up by 0.59% in NCDEX due to export demand in the global market.

Soy opened at 1974 and made high of 1985. Total volume during trading session is 19430 lots and open interest is around 1185860 lots.

Soy gains from 1950 to 1984 in last three trading days .14 days RSI is at 42 and it is increasing continuously from last two days due to buying pressure.

"Technically, one should buy soy at 1965 with stop loss of1925 for target of 2000," according to analysts, further stressing that fundamentally, soy is not weak as well as not strong. But may fall on fresh arrivals near July ending in the long term.