Mustardseed yesterday traded with the negative node and settled -0.81% down at 572.75. Rapeseed sowing is progressing well in Rajasthan, the biggest producer in the country, and market is expecting higher production this year due to bountiful rains. The total arrivals of mustard seed increased by 2000 bags to 54000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged down by
-1.3 rupee to 574.85 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 571.2 after opening at 575, and finally settled at 572.75. For today's session market is looking to take support at 570.6, a break below could see a test of 568.4 and where as resistance is now likely to be seen at 575.6, a move above could see prices testing 578.4.

Trading Ideas:

Mustard Seed trading range is 568.4-578.4.

Mustardseed yesterday traded with the negative node and settled -0.81%

Mustardseed looks to take support at 570.60 and resistance at 576.

NCDEX accredited warehouses mustard seed stocks rose 508 tonnes to 112507 tonnes.

In the Jaipur spot market in Rajasthan the price edged down by -1.3 rupee to 574.85 rupees per 20 kgs.