Commodity Trading Tips for Mustardseed by Kedia Commodity
Mustardseed yesterday traded with the positive node and settled 0.18% up at 2860. The total arrivals of mustard seed decreased by 26000 bags from the previous day to 44000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged down by -0.15 rupee to 566.65 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2846 after opening at 2852, and finally settled at 2860. For today's session market is looking to take support at 2849.3, a break below could see a test of 2838.7 and where as resistance is now likely to be seen at 2867.3, a move above could see prices testing 2874.7.
Trading Ideas:
Mustard Seed trading range is 2839-2875.
Mustardseed yesterday traded with the positive node and settled 0.18% up.
Mustardseed looks to take support at 2849.30 and resistance at 2867.
NCDEX accredited warehouses mustard seed stocks fell 1562 tonnes to 84684 tonnes.
In the Jaipur spot market in Rajasthan the price edged down by -0.15 rupee to 566.65 rupees per 20 kgs.