Mustardseed yesterday traded with the negative node and settled -0.6% down at 2665 on follow through selling backed by bearish fundamental factors. Increase in inflow of fresh produce across major spot markets added bearish sentiment to the market. The total arrivals of mustard seed decreased by 60000 bags from the previous to 4.90 lakh bags in major mandies. In the Sriganganagar spot market in Rajasthan the price edged down by -72.5 rupee to 2467.5 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2636 after opening at 2662, and finally settled at 2665. For today's session market is looking to take support at 2645.3, a break below could see a test of 2625.7 and where as resistance is now likely to be seen at 2675.3, a move above could see prices testing 2685.7.

Trading Ideas:

Mustard Seed trading range is 2625.3-2685.3.

Mustardseed ended down on follow through selling backed by bearish fundamental factors

Mustardseed looks to take support at 2645 and resistance at 2675.

The total arrivals of mustard seed decreased by 60000 bags from previous to 4.90 lakh bags

In the Sriganganagar spot market in Rajasthan the price edged down by -72.5 rupee to 2467.5 rupees per 20 kgs.