Mustardseed yesterday traded with the negative node and settled -0.21% down at 2822 amid weak spot market demand. The total arrivals of mustard seed increased by 20000 bags from the previous day to 6.70 lakh bags in major mandies. In the Sriganganagar spot market in Rajasthan the price edged down by -40 rupee to 2740 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2816 after opening at 2825, and finally settled at 2822. For today's session market is looking to take support at 2812.7, a break below could see a test of 2803.3 and where as resistance is now likely to be seen at 2834.7, a move above could see prices testing 2847.3.

Trading Ideas:

Mustard Seed trading range is 2803.3-2847.3.

Mustardseed yesterday traded with the negative node amid weak spot market demand

Mustardseed looks to take support at 2812 and resistance at 2835.

NCDEX accredited warehouses mustard seed stocks rose by 492 tonnes to 160536 tonnes.

In the Sriganganagar spot market in Rajasthan the price edged down by -40 rupee to 2740 rupees per 20 kgs.