Mustardseed yesterday traded with the negative node and settled -1.12% down at 2735 due to profit booking amid weak trend in spot market. The total arrivals of mustard seed increased by 10000 bags from the previous to 3.35 lakh bags in major mandies. In the Sriganganagar spot market in Rajasthan the price edged down by -26.25 rupee to 2650 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2731 after opening at 2760, and finally settled at 2735. For today's session market is looking to take support at 2722, a break below could see a test of 2709 and where as resistance is now likely to be seen at 2757, a move above could see prices testing 2779.

Trading Ideas:

Mustard Seed trading range is 2709-2779.

Mustardseed ended lower due to profit booking amid weak trend in spot market

Mustardseed looks to take support at 2722 and resistance at 2757.

The total arrivals of mustard seed increased by 15000 bags from the previous day to 4.50 lakh bags in major mandies.

In the Sriganganagar spot market in Rajasthan the price edged down by -26.25 rupee to 2650 rupees per 20 kgs.