Mustardseed yesterday traded with the positive node and settled 1.52% up at 2997 as the spot rates rose on increased demand. In fact during past few days market has witnessed positive movement in the line with other oilseeds. Arrivals in the physical markets have fallen marginally while prices have shown gradual improvement on increased buying. The total arrivals of mustard seed decreased by 11000 bags from the previous day to 81000 bags in major mandies.  In the Sriganganagar spot market in Rajasthan the price edged up by 20 rupee to 2920 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2945 after opening at 2952, and finally settled at 2997. For today's session market is looking to take support at 2959.7, a break below could see a test of 2922.3 and where as resistance is now likely to be seen at 3019.7, a move above could see prices testing 3042.3.

Trading Ideas:

Mustard Seed trading range is 2922.3-3042.3.

Mustardseed yesterday traded with the positive node as the spot rates rose on increased demand

Mustardseed looks to take support at 2960 and resistance at 3020.

NCDEX accredited warehouses mustardseed stocks gained by 825 tonnes to 179292 tonnes.

In the Sriganganagar spot market in Rajasthan the price edged up by 20 rupee to 2920 rupees per 20 kgs.