Guar ended higher on fresh buying at lower-levels on estimates of lower output, thin arrivals and hopes of improved export demand. Guar has fallen nearly 7 percent since its high of 2,925 rupees on Nov. 24. Fresh buying at lower levels in anticipation that export demand for guar gum would improve and estimates of lower crop supported the rise.

Guar yesterday we have seen that market has moved 1.43%. Market has opened at 2741 & made a low of 2735 versus the day high of 2784. The total volume for the day was at 263630 lots and the open interest was at 173920. Now support for the guar is seen at 2737 and below could see a test of 2712. Resistance is now likely to be seen at 2786, a move above could see prices testing
2810.

Trading Ideas:

GUAR TRADING RANGE IS 2710-2720.

GUAR ENDED HIGHER ON FRESH BUYING AT LOWER-LEVELS ON ESTIMATES OF LOWER OUTPUT

EXPORTERS ARE BUYING ACTIVELY IN THE SPOT MARKET.

IN BIKANER PRICES ROSE OVER 66 RUPEES AND ENDED AT 2730 RUPEES PER 100 KG.

BUY GUAR JAN @ 2750-2765 SL 2735 TGT 2778-2795-2805. NCDEX