Guar erased early losses to end steady as lower level buying offset weak demand in spot market due to poor exports of guar-gum. In the Jodhpur spot market, guar price fell 28 rupees to end at 2,350 rupees per 100 kg. Guar yesterday we have seen that market has moved -0.13%. Market has opened at 2359 & made a low of 2311 versus the day high of 2362. The total volume for the day was at 246160 lots and the open interest was at 161420.Now support for the guar is seen at 2318 and below could see a test of 2289. Resistance is now likely to be seen at 2369, a move above could see prices testing 2391.

Trading Ideas:

Guar trading range is 2289-2391.

Guar ended steady as lower level buying offset weak demand in spot market

Guar is having support at 2318 and resistance at 2369 level.

NCDEX accredited warehouses guar stocks fell by 219 tonnes at 29772 tonnes.

SELL GUAR MAR ON JUMP @ 2360-2370 SL 2397 TGT 2354-2348-2332.NCDEX

In Jodhpur price fell 28 rupees to end at 2,350 rupees per 100 kg