India, Jan. 15 -- Technically Mustard Seed market is under long liquidation as market has witnessed drop in open interest by 21. 97% to settled at 5220 while prices down 139 rupees.
Now Mustard Seed is getting support at 6030 and below same could see a test of 5978 levels and resistance is now likely to be seen at 6171 a move above could see prices testing 6260.
Mustard Seed yesterday settled down by 2.23% at 6082 as sowing of mustard has increased to 72.98 lakh hectare in the current Rabi whereas till last year it was sown only in 68.15 lakh hectare.
The sowing of oilseed crops has increased to 81.80 lakh hectares in the current Rabi whereas till this time last year it was sown only in 77.79 lakh hectares.
At the national level the tot...