Mustardseed yesterday traded with the negative node and settled -0.92% down at 567.55 on a likely rise in acreage due to higher prices and bountiful monsoon rains. The total arrivals of mustard seed increased by 10000 bags to 64000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged down by -1.35 rupee to 573.5 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 565.35 after opening at 574.2, and finally settled at 567.55. For today's session market is looking to take support at 563.3, a break below could see a test of 559 and where as resistance is now likely to be seen at 573.9, a move above could see prices testing 580.3.

Trading Ideas:

Mustard Seed trading range is 558.9-580.2.

Mustardseed ended lower on a likely rise in acreage

Mustardseed looks to take support at 563.3 and resistance at 574.

NCDEX accredited warehouses mustard seed stocks rose 40 tonnes to 112547 tonnes.

In the Jaipur spot market in Rajasthan the price edged down by -1.35 rupee to 573.5 rupees per 20 kgs.