Commodity Outlook for Mustard Seed by KediaCommodity
Mustardseed yesterday traded with the positive node and settled 0.02% up at 561.1 tracking firm spot demand. In the Jaipur spot market in Rajasthan the price edged up by 0.95 rupee to 568.95 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 561.1 after opening at 561.35, and finally settled at 561.1. For today's session market is looking to take support at 559.5, a break below could see a test of 557.9 and where as resistance is now likely to be seen at 564.3, a move above could see prices testing 567.5.
Trading Ideas:
Mustard Seed trading range is 558.1-567.7.
Mustardseed yesterday traded with the positive node and settled 0.02%
Mustardseed looks to take support at 559.5 and resistance at 564.
NCDEX accredited warehouses mustard seed stocks fell 1784 tonnes to 112635 tonnes.
In the Jaipur spot market in Rajasthan the price edged up by 0.95 rupee to 568.95 rupees per 20 kgs.