Mustardseed yesterday traded with the positive node and settled 0.48% up at 2927 tracking firmness in other oilseed counters. The total arrivals of mustard seed decreased by 2100 bags to 31000 bags in major mandies. In the Sriganganagar spot market in Rajasthan the price edged up by 10 rupee to 2950 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2908 after opening at 2920, and finally settled at 2927. For today's session market is looking to take support at 2913.3, a break below could see a test of 2899.7 and where as resistance is now likely to be seen at 2935.3, a move above could see prices testing 2943.7.

Trading Ideas:

Mustard Seed trading range is 2899.7-2943.7.

Mustardseed yesterday traded with the positive node tracking firmness in other oilseed counters

Mustardseed looks to take support at 2913 and resistance at 2935.

NCDEX accredited warehouses mustard seed stocks dropped by 292 tonnes to 184617 tonnes.

In the Sriganganagar spot market in Rajasthan the price edged up by 10 rupee to 2950 rupees per 20 kgs.