Mustardseed yesterday traded with the positive node and settled 1.67% up at 3037 due to expectations a rise in edible oil prices will boost demand for rapeseed, which contains higher amount of oil. Stockists and speculative demand was very good in rapeseed.

The total arrivals of mustard seed decreased by 13000bags from the previous day to 81000 bags in major mandies. In yesterday's trading session Mustardseed has touched the low of 2988 after opening at 2988, and finally settled at 3037. For today's session market is looking to take support at 3003.3, a break below could see a test of 2969.7 and where as resistance is now likely to be seen at 3055.3, a move above could see prices testing 3073.7.

Trading Ideas: Mustard Seed trading range is 2969.7-3073.7. Mustard seed rose due to expectations a rise in edible oil prices Mustardseed looks to take support at 3003 and resistance at 3055. NCDEX accredited warehouses mustard seed stocks fell by 3146 tonnes to 41227 tonnes. In the Sriganganagar spot market in Rajasthan the price edged down by -13.75 rupee to 2800 rupees per 20 kgs.