Commodity Outlook for Mustardseed by KediaCommodity

mustardMustardseed yesterday traded with the positive node and settled 0.3% up at 570.75 tracking gains in spot market. In the Jaipur spot market in Rajasthan the price edged up by 1.35 rupee to 575.25 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 569.5 after opening at 571.4, and finally settled at 570.75. For today's session market is looking to take support at 569.3, a break below could see a test of 567.9 and where as resistance is now likely to be seen at 572.3, a move above could see prices testing 573.9. Spread between Mustardseed DEC & JAN contracts yesterday ended at 6.75. Spread yesterday traded in the range of 6.3 to
6.75.

Mustard Seed trading range is 567.9-573.9.

Mustardseed ended firm tracking gains in spot market

Mustardseed looks to take support at 569.3 and resistance at 572.

NCDEX accredited warehouses mustard seed stocks rose 361 tonnes to 129380 tonnes.

In the Jaipur spot market in Rajasthan the price edged up by 1.35 rupee to 575.25 rupees per 20 kgs.