NCDEX Mustard Seed likely to move in a range of 4216 4286
India, Nov. 19 -- Technically Mustard Seed market is under long liquidation as market has witnessed drop in open interest by 5. 73% to settled at 35350 while prices down 15 rupees.Now NCDEX Mustard Seed is getting support at 4232 and below same could see a test of 4216 levels and resistance is now likely to be seen at 4267 a move above could see prices testing 4286.Mustard Seed on NCDEX settled down by 0.35% at 4248 on profit booking due to expectations of higher sowing in the ensuing rabi season. India's Nov-Aug rapeseed oil imports slipped to 59 171 tons from 2.29 lakh tons a year ago due to higher prices in the global markets data from Solvent Extractors Association of India showed.NAFED had procured around 1.08 million tonnes mustard se...
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