Guar yesterday ended higher as per expectation on export enquiries, dwindling arrivals and estimates of lower output. Millers are buying in the physical market. In the Jodhpur spot market, guar gained 17 rupees to end at 2,416 rupees per 100 kg. Guar yesterday we have seen that market has moved 1.12%. Market has opened at 2412 & made a low of 2409 versus the day high of 2458. The total volume for the day was at 295020 lots and the open interest was at 191930.Now support for the guar is seen at 2415 and below could see a test of 2388. Resistance is now likely to be seen at 2464, a move above could see prices testing 2486.

Trading Ideas:

Guar trading range is 2388-2486.

Guar yesterday ended higher as per expectation on export enquiries

Guar is getting resistance at 2465 and support is at 2432 level

NCDEX accredited warehouses guar stocks fell by 707 tonnes to 22278 tonnes.

SELL GUAR MAY @ 2445-2455 SL 2468 TGT 2432-2416.NCDEX

In Jodhpur guar prices gained 17 rupees to end at 2,416 rupees per 100 kg.