Mustardseed yesterday traded with the positive node and settled 0.55% up at 2722 tracking firmness in other oil seed counters. The total arrivals of mustard seed increased by 55000 bags from the previous to 4.30 lakh bags in major mandies. In the Sriganganagar spot market in Rajasthan the price edged down by -12.5 rupee to 2647.5 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2703 after opening at 2717, and finally settled at 2722. For today's session market is looking to take support at 2704.3, a break below could see a test of 2686.7 and where as resistance is now likely to be seen at 2738.3, a move above could see prices testing 2754.7.

Trading Ideas:

Mustard Seed trading range is 2688.7-2756.7.

Mustardseed settled  up tracking firmness in other oil seed counters

Mustardseed looks to take support at 2704 and resistance at 2738.

The total arrivals of mustard seed increased by 55000 bags from the previous to 4.30 lakh bags in major mandies.

In the Sriganganagar spot market in Rajasthan the price edged down by -12.5 rupee to 2647.5 rupees per 20 kgs.