Guar yesterday we have seen that market has moved -0.39% weighed by good progress of monsoon, which hit Kerala on Monday, and slackening demand for the by-products of guar seed. Planting of guar commences from beginning of June in the irrigated areas, while farmers in non-irrigated areas sow after mid-June, when monsoon reaches Rajasthan. In the Jodhpur spot market, guar seed gained 19 rupees to end at 2,299 rupees per 100 kg. Market has opened at 2315 & made a low of 2285 versus the day high of 2328.

The total volume for the day was at 108520 lots and the open interest was at 72870. Now support for the guar is seen at 2279 and below could see a test of 2261. Resistance is now likely to be seen at 2322, a move above could see prices testing 2347. Trading Ideas: Guar trading range is 2261-2347.

Guar yesterday ended weak weighed by good progress of monsoon Guar is getting resistance at 2322 and support is at 2279 level NCDEX accredited warehouses guar stocks fell 9 tonnes to 11169 tonnes. In Jodhpur guar prices gained 19 rupees and settled at 2,299 rupees per 100 kg. SELL GUAR JULY BELOW 2292 SL 2320 TGT 2274-2256-2238. NCDEX