Guar yesterday we have seen that market has moved -0.62% on expectations of normal monsoon and weak demand for by products of guar. Weakness in the demand of churi and korma is also limiting the upside. In the Jodhpur spot market, guar seed gained 10 rupees to end at 2,379 rupees per 100 kg. Market has opened at 2409 & made a low of 2390 versus the day high of 2420. The total volume for the day was at 175840 lots and the open interest was at 138550.Now support for the guar is seen at 2382 and below could see a test of 2371. Resistance is now likely to be seen at 2412, a move above could see prices testing 2431.

Guar trading range is 2371-2431.

Guar ended down on expectations of normal monsoon and weak demand

Guar is getting resistance at 2412 and support is at 2382 level

NCDEX accredited warehouses guar stocks fell 741 tonnes to 14028 tonnes.

In Jodhpur guar prices gained by 10 and settled at 2,379 rupees per 100 kg.

BUY GUAR JUNE ABV 2400 SL 2380 TGT 2418-2432.NCDEX