Mustardseed yesterday traded with the negative node and settled -1.12% down at 3015 tracking weakness in other oilseed counters amid profit booking. The total arrivals of mustard seed increased by 11000 bags from the previous day to 83000 bags with the fresh arrivals of 3000bags in major mandies. Moreover, fresh arrivals of around 3000-4000 bags were already reported in major mandies which are likely to gain momentum in the coming days. In the Sriganganagar spot market in Rajasthan the price edged up by 2.5 rupee to 2800 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2998 after opening at 3050, and finally settled at 3015. For today's session market is looking to take support at 2990.3, a break below could see a test of 2965.7 and where as resistance is now likely to be seen at 3047.3, a move above could see prices testing 3079.7.

Trading Ideas:

Mustard Seed trading range is 2963-3077.

Mustardseed ended weak tracking weakness in other oilseed counters amid profit booking.

Mustardseed looks to take support at 3004 and resistance at 3026

The total arrivals of mustard seed increased by 11000 bags from the previous day to 83000 bags

In the Sriganganagar spot market in Rajasthan the price edged up by 2.5 rupee to 2800 rupees per 20 kgs.