Guar hit 3 percent lower circuit on sluggish domestic and overseas demand offsetting thin arrivals and estimates of lower output. Export and domestic demand is quite low at these levels. Also volumes are decreasing day by day, indicating a lack of traders' interest. In the Jodhpur spot market, guar seed price dropped 43 rupees to 2,672 rupees per 100 kg.

Guar yesterday we have seen that market has moved -3.21%. Market has opened at 2770 & made a low of 2692 versus the day high of 2770. The total volume for the day was at 190680 lots and the open interest was at 144250. Now support for the guar is seen at 2667 and below could see a test of 2640. Resistance is now likely to be seen at 2745, a move above could see prices testing
2796.

Trading Ideas:

Guar trading range is 2640-2740.

Guar yesterday as per expectation ended down on sluggish domestic

Guar is getting resistance at 2712 and support is at 2677.

In Bikaner prices fell by 67.50 rupees and settled at 2668.15 rupees per 100 kg.

SELL GUAR JAN ON JUMP @ 2725 SL 2748 TGT 2698-2675-2656. NCDEX