Guar ended positive on buying interest at lower levels. In the Jodhpur spot market, guar seed moved down 7 rupees to end at 2,311 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.48%. Market has opened at 2303 & made a low of 2293 versus the day high of 2320. The total volume for the day was at 145250 lots and the open interest was at 158090. Now support for the guar is seen at 2302 and below could see a test of 2284. Resistance is now likely to be seen at 2329, a move above could see prices testing 2338.

Trading Ideas:

Guar trading range is 2283-2337.

Guar ended positive on buying interest at lower levels

Guar is getting resistance at 2338 and support is at 2302 level

NCDEX accredited warehouses guar stocks fell by 277 tonnes to 25635 tonnes.

In Jodhpur guar prices down 7 rupees to end at 2,311 rupees per 100 kg.

BUY GUAR MAY @ 2320 SL 2295 TGT 2342-2360. NCDEX