March 09, 2011

Commodity Mustard for March 09

Commodity, MCX, NCDEX
The commodity mustard yesterday traded with the down point at MCX and settled -1.18% down at 2839 driven by weak spot market cues.

The total commodity arrivals of old mustard seed decreased by3000 bags from the previous day to 65000 bags while the fresh arrivals were increased by 80000 bags to 1.85 lakh bags in major mandies.

In commodity region the Sriganganagar spot market in Rajasthan the price edged below by -27.5 rupee to 2745 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2827 after opening at 2873, and finally settled at 2839.

For today's commodity session market is looking to take support at 2819.7, a break below could see a test of 2800.3 and where as resistance is now likely to be seen at 2865.7, a move above could see prices testing 2892.3.

Note: Today's trade levels are just an indication trade at your own potential and risk we are not responsible for it.
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