Mustardseed yesterday traded with the positive node and settled 0.64% up at 2975 following pick up in demand in physical markets. The total arrivals of mustard seed increased by 10000 bags from the previous day to 10000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged up by 3.15 rupee to 583.15 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2960 after opening at 2960, and finally settled at 2975. For today's session market is looking to take support at 2956, a break below could see a test of 2937 and where as resistance is now likely to be seen at 2998, a move above could see prices testing 3021.

Trading Ideas:

Mustard Seed trading range is 2937-3021.

Mustard seed gained following pick up in demand in physical markets.

Mustardseed looks to take support at 2956 and resistance at 2998.

NCDEX accredited warehouses mustard seed stocks stood at 81496 tonnes.

In the Jaipur spot market in Rajasthan the price edged up by 3.15 rupee to 583.15 rupees per 20 kgs.