Guar ended down on hopes of normal monsoon and poor demand for churi and korma. In the Jodhpur spot market, guar seed fell 4 rupees to end at 2,317 rupees per 100 kg. Prices are expected to fall much as the availability in the market is very thin. Guar yesterday we have seen that market has moved -0.6%. Market has opened at 2332 & made a low of 2308 versus the day high of 2344. The total volume for the day was at 168160 lots and the open interest was at 145060.Now support for the guar is seen at 2306 and below could see a test of 2289. Resistance is now likely to be seen at 2342, a move above could see prices testing 2361.

Guar trading range is 2289-2361.

Guar ended down on hopes of normal monsoon and poor demand

Guar is getting resistance at 2342 and support is at 2306 level

Yesterday we have seen that open interest rose by 4170 and volume fell by 7810

SELL GUAR JUNE @ 2335 SL 2352 TGT 2315-2290.NCDEX

In Jodhpur guar prices dropped by 4 and settled at 2,317 rupees per 100 kg.