Mustardseed yesterday traded with the negative node and settled -2.33% down at 2687 on the back of rising fresh arrivals in the major mandies against restricted offtake of traders and millers at current price. The fresh arrivals of around 3.15-3.20 lakh bags were reported in major mandies against the total arrivals of around 2.50-2.80 lakh bags were reported last week. In the Sriganganagar spot market in Rajasthan the price edged up by 27.5 rupee to 2700 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2683 after opening at 2743, and finally settled at 2687. For today's session market is looking to take support at 2665.3, a break below could see a test of 2643.7 and where as resistance is now likely to be seen at 2726.3, a move above could see prices testing 2765.7.

Trading Ideas:

Mustard Seed trading range is 2645.3-2767.3.

Mustardseed ended down on the back of rising fresh arrivals

Mustardseed looks to take support at 2665 and resistance at 2726.

The total arrivals of mustard seed increased by 10000 bags from the previous to 3.15 lakh bags in major mandies

In the Sriganganagar spot market in Rajasthan the price edged up by 27.5 rupee to 2700 rupees per 20 kgs.