Mustardseed yesterday traded with the positive node and settled 0.44% up at 2956 tracking bullish sentiment in the oilseed complex. The total arrivals of mustard seed decreased by 9000 bags from the previous day to 58000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged up by 2.25 rupee to 580 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2940 after opening at 2945, and finally settled at 2956. For today's session market is looking to take support at 2943, a break below could see a test of 2930 and where as resistance is now likely to be seen at 2966, a move above could see prices testing 2976.

Trading Ideas:

Mustard Seed trading range is 2930-2976.

Mustard seed rose tracking bullish sentiment in the oilseed complex

Mustardseed looks to take support at 2943 and resistance at 2966.

NCDEX accredited warehouses mustard seed stocks fell 555 tonnes to 81496 tonnes.

BUY RMSEED FEB @ 2950 SL 2942 TGT 2960-2978.NCDEX

In the Jaipur spot market in Rajasthan the price edged up by 2.25 rupee to 580 rupees per 20 kgs.