Guar ended higher on good demand for guar gum from exporters, lower supply and estimates of lower crop. In the Jodhpur spot market, guar gained 49 rupees to end at 2,407 rupees per 100 kg. Guar yesterday we have seen that market has moved 1.73%. Market has opened at 2373 & made a low of 2365 versus the day high of 2442. The total volume for the day was at 257690 lots and the open interest was at 100890.Now support for the guar is seen at 2373 and below could see a test of 2331. Resistance is now likely to be seen at 2450, a move above could see prices testing 2485.

Trading Ideas:

Guar trading range is 2331-2485.

Guar ended higher on good demand for guar gum from exporters

Guar is getting resistance at 2432 and support is at 2396 level

Yesterday we have seen that open interest rose by 2440 and volume by 48610

BUY GUAR JUNE ABV 2425 SL 2408 TGT 2448-2475.NCDEX

In Jodhpur guar prices moved up 49 rupees to end at 2,407 rupees per 100 kg.