Guar ended weak on Saturday on liquidation of long positions on weak cues from spot. In NCDEX-accredited warehouses, stock of guar stood at 32,488 tonnes as on 19. Feb. In the Jodhpur spot market, guar price dipped over 23 rupees to end at 2,392.45 rupees per 100 kg. Guar yesterday we have seen that market has moved -2.73%.

Market has opened at 2401 & made a low of 2335 versus the day high of 2417. The total volume for the day was at 242650 lots and the open interest was at 212690. Now support for the guar is seen at 2313 and below could see a test of 2283. Resistance is now likely to be seen at 2395, a move above could see prices testing 2447.

Trading Ideas:

Guar trading range is 2283-2447.

Guar ended weak on liquidation of long positions on weak cues from spot

Guar is taking resistance at 2326 and support at 2368.

NCDEX accredited warehouses guar stocks seen at 32488 tonnes as on Feb 19.

In Jodhpur price dipped over 23 rupees to end at 2,392.45 rupees per 100 kg

SELL GUAR MAR @ 2360 SL 2388 TGT 2342-2320-2308.NCDEX