Mustardseed yesterday traded with the negative node and settled -0.8% down at 574 due to fresh sowing of crop. The total arrivals of mustard seed decreased by 2000 bags to 56000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged up by 0.9 rupee to 577.7 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 572.85 after opening at 579.95, and finally settled at 574. For today's session market is looking to take support at 570.5, a break below could see a test of 567 and where as resistance is now likely to be seen at 579.9, a move above could see prices testing 585.8.

Trading Ideas:

Mustard Seed trading range is 566.9-585.7.

Mustardseed settled lower due to fresh sowing of crop

Mustardseed looks to take support at 570.5 and resistance at 580.

NCDEX accredited warehouses mustard seed stocks fell 17303 tonnes to 111566 tonnes.

In the Jaipur spot market in Rajasthan the price edged up by 0.9 rupee to 577.7 rupees per 20 kgs.