Guar ended almost 1 percent higher driven by lower-level buying and on estimates of lower output. The guar has fallen over 9 percent since touching an all-time high of 2,925 rupees on Nov. 24. In the Jodhpur spot market, the price improved by 9 rupees to 2,628 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.84%. Market has opened at 2619 & made a low of 2610 versus the day high of 2668. The total volume for the day was at 258100 lots and the open interest was at 189230.Now support for the guar is seen at 2615 and below could see a test of 2583. Resistance is now likely to be seen at 2673, a move above could see prices testing 2699.

Trading Ideas:

GUAR TRADING RANGE IS 2600-2700.

GUAR ENDED ALMOST 1% HIGHER DRIVEN BY LOWER-LEVEL BUYING

GUAR TODAY CAN BOUNCE AS SUPPORT IS AT 2615 AND RESIST IS AT 2673.

IN BIKANER PRICES ROSE OVER 24 RUPEES AND ENDED AT 2610 RUPEES PER 100 KG.

BUY GUAR JAN @ 2635-2645 SL 2610 TGT 2660-2685-2700. NCDEX