Guar ended positive Saturday as slow buying in witnessed in the market. The firmness in prices were affected on forecast of normal monsoon. Sentiment is firm due to good demand of guar gum in the market. In Jodhpur guar gained 2 rupees to 2,391 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.63%. Market has opened at 2395 & made a low of 2379 versus the day high of 2414. The total volume for the day was at 135930 lots and the open interest was at 108150.Now support for the guar is seen at 2386 and below could see a test of 2365. Resistance is now likely to be seen at 2421, a move above could see prices testing 2435.

Trading Ideas:

Guar trading range is 2365-2435.

Guar ended positive Saturday as slow buying in witnessed in the market

Guar is getting resistance at 2421 and support is at 2386 level

NCDEX accredited warehouses guar stocks fell by 80 tonnes to 15139 tonnes.

SELL GUAR JUNE @ 2425-2430 SL 2456 TGT 2410-2395.NCDEX

In Jodhpur guar prices gained by 2 and settled at 2,391 rupees per 100 kg.