Guar fell in thin volume trade on sluggish trade and poor domestic and overseas demand. Guar has risen more than 6 percent in the last 8 sessions. Guar yesterday we have seen that market has moved -0.11%. Market has opened at 2773 & made a low of 2766 versus the day high of 2792. The total volume for the day was at 94950 lots and the open interest was at 156840.Now support for the guar is seen at 2762 and below could see a test of 2751. Resistance is now likely to be seen at 2788, a move above could see prices testing 2803.

Trading Ideas:

Guar trading range is 2730-2830.

Guar fell on sluggish trade and poor domestic and overseas demand

Guar is getting resistance at 2788 and support is at 2762.

In Bikaner prices settled at 2735.65 rupees per 100 kg.

SELL GUAR JAN BELOW 2770 SL 2795 TGT 2756-2738-2722. NCDEX