Guar ended almost steady and after making high of rupees 2720 on some buying support at lower levels, after prices fell nearly 4 percent in the last five sessions till Monday's close. Weak demand for meal and ample stocks of guar gum to limit the upside. In the Jodhpur spot market, guar seed edged down 2 rupees to end at 2,345 rupees per 100 kg.

Guar yesterday we have seen that market has moved 0.09%. Market has opened at 2301 & made a low of 2278 versus the day high of 2320. The total volume for the day was at 77330 lots and the open interest was at 107920. Now support for the guar is seen at 2282 and below could see a test of 2259. Resistance is now likely to be seen at 2324, a move above could see prices testing 2343.

Trading Ideas:

Guar trading range is 2259-2343.

Guar ended steady after making on some buying support at lower levels

Weak demand for meal and ample stocks of guar gum may limit the upside

Yesterday we have seen that open interest fell by 11740 and volume by 58380 lots.

In Jodhpur dropped by 2 rupees to 2,345 rupees per 100 kg

BUY GUAR MAR @ 2285-2300 SL 2268 TGT 2318-2334-2356.NCDEX