Guar ended down on Saturday as profit-taking weighed on prices. Lower area and poor yields due to patchy rains are estimated to have cut guar seed output by over 80 percent in Rajasthan in 2009/10. Guar yesterday we have seen that market has moved -0.18%. Market has opened at 2769 & made a low of 2742 versus the day high of 2772.

The total volume for the day was at 25650 lots and the open interest was at 32370. Now support for the guar is seen at 2743 and below could see a test of 2727. Resistance is now likely to be seen at 2773, a move above could see prices testing 2787.

Trading Ideas:

GUAR TRADING RANGE IS 2710-2810.

GUAR ENDED DOWN ON SATURDAY AS PROFIT-TAKING WEIGHED ON PRICES

BUY GUAR DEC @ 2735-2745 SL 2718 TGT 2758-2775-2798.NCDEX

NOW SUPPORT FOR GUAR IS AT 273 AND RESIST IS AT 2773.

IN BIKANER PRICES GAINED OVER 18 RUPEES AND ENDED AT 2717.80 RUPEES PER 100 KG.