Guar ended down snapping a 4-day winning streak on slack overseas and domestic demand. Traders are playing cautiously at higher ends on concerns slow demand may again push prices down. In the Jodhpur spot market, guar seed price fell 14 rupees to 2,703 rupees per 100 kg.

Guar yesterday we have seen that market has moved -0.94%. Market has opened at 2769 & made a low of 2728 versus the day high of 2775. The total volume for the day was at 217070 lots and the open interest was at 171500. Now support for the guar is seen at 2718 and below could see a test of 2700. Resistance is now likely to be seen at 2765, a move above could see prices testing
2794.

Trading Ideas:

Guar trading range is 2680-2785.

Guar ended down on slack overseas and domestic demand

Guar is getting resistance for Guar is at 2752 and support is at 2718 look weak till 2700 level.

In Bikaner prices dropped over 31 rupees and ended at 2698 rupees per 100 kg.

SELL GUAR JAN @ 2750-2760 SL 2782 TGT 2736-2718-2700. NCDEX