Mustardseed yesterday traded with the negative node and settled -0.18% down at 560.65 due to profit-taking amid rise in rapeseed acreage. In the Jaipur spot market in Rajasthan the price edged up by 0.6 rupee to 569.55 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 557.05 after opening at 563.4, and finally settled at 560.65. For today's session market is looking to take support at 557.1, a break below could see a test of 553.6 and where as resistance is now likely to be seen at 564.2, a move above could see prices testing 567.7.

Trading Ideas:

Mustard Seed trading range is 553.2-567.3.

Mustardseed yesterday ended down due to profit-taking

Mustardseed looks to take support at 557.1 and resistance at 564.

NCDEX accredited warehouses mustard seed stocks rose 773 tonnes to 113408 tonnes.

SELL RMSEED JAN @ 563 SL 565 TGT 561.80-560-558.NCDEX

In the Jaipur spot market in Rajasthan the price edged up by 0.6 rupee to 569.55 rupees per 20 kgs.