Mustardseed yesterday traded with the negative node and settled -0.45% down at 2889. Rapeseed area in top producer Rajasthan state went up 24 percent to 2.75 million hectares, while the current weather conditions have boosted yield prospects for the country's main winter oilseed crop. In the Jaipur spot market in Rajasthan the price edged up by 0.45 rupee to 574.7 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2881 after opening at 2910, and finally settled at 2889. For today's session market is looking to take support at 2874.3, a break below could see a test of 2859.7 and where as resistance is now likely to be seen at 2910.3, a move above could see prices testing 2931.7.

Trading Ideas:

Mustard Seed trading range is 2858.7-2930.7.

Mustardseed yesterday traded with the negative node and settled -0.45% down

Mustardseed looks to take support at 2874.30 and resistance at 2910.

NCDEX accredited warehouses mustard seed stocks seen at 88874 tonnes.

SELL RMSEED FEB @ 560 SL 564.50 TGT 556-552.80.NCDEX

In the Jaipur spot market in Rajasthan the price edged up by 0.45 rupee to 574.7 rupees per 20 kgs.