Mustardseed yesterday traded with the negative node and settled -0.34% down at 2928 on profit booking after price rose more than 2 percent in previous session. The total arrivals of mustard seed increased by 7000bags from the previous day to 65000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged up by 7.2 rupee to 576.8 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2917 after opening at 2935, and finally settled at 2928. For today's session market is looking to take support at 2906.3, a break below could see a test of 2884.7 and where as resistance is now likely to be seen at 2960.3, a move above could see prices testing 2992.7.

Trading Ideas:

Mustard Seed trading range is 2886.7-2994.7.

Mustardseed yesterday traded with the negative node aon profit booking

Mustardseed looks to take support at 2906 and resistance at 2960.

NCDEX accredited warehouses mustard seed stocks fell 268 tonnes to 84732 tonnes.

In the Jaipur spot market in Rajasthan the price edged up by 7.2 rupee to 576.8 rupees per 20 kgs.