Guar slipped as support from lower output estimates and thin arrivals was offset by profit-taking. Stockists and millers stayed away from buying on hopes prices may correct further. Lower area and poor yields due to patchy rains are estimated to have cut guar output by over 80 percent in Rajasthan in 2009/10.

Guar yesterday we have seen that market has moved -0.39%. Market has opened at 2843 & made a low of 2812 versus the day high of 2860. The total volume for the day was at 94620 lots and the open interest was at 75140. Now support for the guar is seen at 2808 and below could see a test of 2786. Resistance is now likely to be seen at 2856, a move above could see prices testing
2882.

Trading Ideas:

GUAR TRADING RANGE IS 2780-2880.

GUAR SLIPPED AS SUPPORT THIN ARRIVALS WAS OFFSET BY PROFIT-TAKING

BUY GUAR DEC @ 2800-2815 SL 2786 TGT 2834-2856-2870.NCDEX

SUPPORT FOR THE GUAR IS AT 2808 AND RESIST IS AT 2856.

IN BIKANER PRICES FELL 22 RUPEES AND ENDED AT 2760 RUPEES PER 100 KG.

BELOW 2800 SOME PULL IS EXPECTED ON PROFIT BOOKING ELSE MKT WILL BE POSITIVE