| Commodity Mustard |
The commodity total arrivals of mustard seed increased by 7000 bags from the previous day to 64000 bags while the fresh arrivals were increased by 30000 bags to 88000 bags in major commodity trade mandies.
In the Sriganganagar spot commodity market in Rajasthan the price hiked up by 47.5 rupee to 2790 rupees per 20 kgs.
In yesterday's commodity trading session Mustardseed has touched the low of 2865 after opening at 2881, and finally settled at 2871.
For today's session market is looking to take support at 2860.7, a break below could see a test of 2850.3 and where as resistance is now likely to be seen at 2885.7, a move above could see prices testing 2900.3.
Trading Ideas:
Commodity trading range of mustard is 2849.7-2899.7.
Commodity mustard ended flat as support from firm overseas leads was offset by prospects of higher output.
The mustard commodity looks to take support at 2860 and resistance at 2886.
The MCX and NCDEX total arrivals of mustard seed increased by 7000bags from the previous day to 64000 bags
