India, April 16 -- Technically Mustard Seed market is under long liquidation as market has witnessed drop in open interest by 4. 96% to settled at 80040 while prices down 37 rupees.
Now NCDEX Mustard Seed is getting support at 6385 and below same could see a test of 6321 levels and resistance is now likely to be seen at 6519 a move above could see prices testing 6589.
Mustard Seed yesterday settled up by 5.95% at 6834 as crushing as increased due to rise in mustard oil demand. A total of 1.2 million tonnes of mustard crushing occurred in the country in March 2021 compared to 5.50 lakh tonnes in the month of February.
Whereas the stock of mustard with farmers is estimated to be 62.50 lakh tonnes and processors and stockists have a stock o...