Mustardseed yesterday traded with the negative node and settled -0.38% down at 561 due to rise in rapeseed acreage. In the Jaipur spot market in Rajasthan the price edged up by 1.3 rupee to 567.5 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 560.5 after opening at 563, and finally settled at 560.55. For today's session market is looking to take support at 559.4, a break below could see a test of 558.2 and where as resistance is now likely to be seen at 562.9, a move above could see prices testing 565.2.

Trading Ideas:

Mustard Seed trading range is 558.3-565.3.

Mustardseed ended weak due to rise in rapeseed acreage

Mustardseed looks to take support at 559.4 and resistance at 563.

NCDEX accredited warehouses mustard seed stocks rose 695 tonnes to 114419 tonnes.

In the Jaipur spot market in Rajasthan the price edged up by 1.8 rupee to 568 rupees per 20 kgs.