Mustardseed yesterday traded with the negative node and settled -0.75% down at 2931 as traders booked profits driven by lower spot market sentiments.

The total arrivals of mustard seed decreased by 8000bags from the previous day to 61000bags in major mandies. In the Jaipur spot market in Rajasthan the price edged down by -0.55 rupee to 578.75 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2919 after opening at 2951, and finally settled at 2931. For today's session market is looking to take support at 2914.7, a break below could see a test of 2898.3 and where as resistance is now likely to be seen at 2951.7, a move above could see prices testing 2972.3.

Trading Ideas:

Mustard Seed trading range is 2896.7-2970.7.

Mustardseed ended weak as traders booked profits amid lower spot market

Mustardseed looks to take support at 2914 and resistance at 2952.

NCDEX accredited warehouses mustard seed stocks fell 2349 tonnes to 82383 tonnes.

SELL RMSEED FEB @ 2935 SL 2950 TGT 2920-2900.NCDEX

In the Jaipur spot market in Rajasthan the price edged down by -1.25 rupee to 578.05 rupees per 20 kgs.