Commodity Trading Tips for Mustardseed by KediaCommodity

MustardseedMustardseed yesterday traded with the negative node and settled -1.31% down at 2777 as rising output estimates weighed on prices. The total arrivals of mustard seed decreased by 28000 bags from the previous to 2.41 lakh bags in major mandies. In the Sriganganagar spot market in Rajasthan the price edged down by -21.25 rupee to 2710 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2766 after opening at
2800, and finally settled at 2777. For today's session market is looking to take support at 2762, a break below could see a test of 2747 and where as resistance is now likely to be seen at 2796, a move above could see prices testing 2815.

Trading Ideas:

Mustard Seed trading range is 2747-2815.

Mustardseed ended weak as rising output estimates weighed on prices

Mustardseed looks to take support at 2762 and resistance at 2796.

Total arrivals of mustard seed decreased by 28000 bags from the previous to 2.41 lakh bags in major mandies.

In the Sriganganagar spot market in Rajasthan the price edged down by -21.25 rupee to 2710 rupees per 20 kgs.