Guar ended higher on encouraging demand by exporters for guar gum, lower supply and estimates of lower crop. The forecast of a normal monsoon is restricting the upside. In the Jodhpur spot market, guar ended flat at 2,407 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.37%. Market has opened at 2415 & made a low of 2397 versus the day high of 2448. The total volume for the day was at 235870 lots and the open interest was at 101140.Now support for the guar is seen at 2399 and below could see a test of 2373. Resistance is now likely to be seen at 2450, a move above could see prices testing 2475.

Trading Ideas:

Guar trading range is 2373-2475.

Guar ended higher on lower supply and estimates of lower crop

Guar is getting resistance at 2450 and support is at 2399 level

NCDEX accredited warehouses guar stocks fell by 2310 tonnes to 15309 tonnes.

SELL GUAR JUNE @ 2450 SL 2465 TGT 2426-2408.NCDEX

In Jodhpur guar prices settled steady at 2,407 rupees per 100 kg