Mustardseed yesterday traded with the positive node and settled 0.23% up at 3023 tracking gains in other oil seed counters and firm spot market demand. The total arrivals of mustard seed increased by 11000 bags from the previous day to 86000 bags in major mandies. In the Sriganganagar spot market in Rajasthan the price jumped by 7.50 rupee to 2787.50 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2994 after opening at 3021, and finally settled at 3023. For today's session market is looking to take support at 3000.7, a break below could see a test of 2978.3 and where as resistance is now likely to be seen at 3038.7, a move above could see prices testing 3054.3.

Trading Ideas:

Mustard Seed trading range is 2977.3-3053.3.

Mustardseed ended firm tracking firm spot market demand

Mustardseed looks to take support at 3000 and resistance at 3039.

NCDEX accredited warehouses mustard seed stocks fell by 3146 tonnes to 41227 tonnes.

In the Sriganganagar spot market in Rajasthan the price edged down by 0 rupee to 2800 rupees per 20 kgs.