India, Jan. 14 -- Technically Mustard Seed market is under long liquidation as market has witnessed drop in open interest by 8. 73% to settled at 6690 while prices down 84 rupees.
Now NCDEX Mustard Seed is getting support at 6152 and below same could see a test of 6084 levels and resistance is now likely to be seen at 6316 a move above could see prices testing 6412.
Mustard Seed yesterday settled down by 1.33% at 6221 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...