Guar extended early gains to end over 1 percent higher on technical buying supported by hopes of improved domestic demand. Sentiment is improving in the physical market. Some stockists have come into buying. More enquiries may hit the market at current levels. In the Jodhpur spot market, guar inched down 2 rupees to end at 2,291 rupees per 100 kg. Guar yesterday we have seen that market has moved 1.41%. Market has opened at 2272 & made a low of 2246 versus the day high of 2312. The total volume for the day was at 238040 lots and the open interest was at 186380.Now support for the guar is seen at 2266 and below could see a test of 2223. Resistance is now likely to be seen at 2332, a move above could see prices testing 2355.

Trading Ideas:

Guar trading range is 2223-2355.

Guar ended higher on technical buying supported by hopes of improved domestic demand

Guar is getting resistance at 2332 and support is at 2288 level

Yesterday we have seen that open interest fell by 7050 and volume rose by 94600 lots.

In Jodhpur guar prices inched down 2 rupees to end at 2,291 rupees per 100 kg

BUY GUAR APR @ 2315-2325 SL 2298 TGT 2338-2356-2370. NCDEX