Guar yesterday we have seen that market has moved 1.09% on bargain buying supported by some inquiries of guar gum from exporters and negligible arrivals. In the Jodhpur spot market, guar seed gained 25 rupees to end at 2,180 rupees per 100 kg. Traders buy at lower levels but hesitate to hold the position at higher levels on forecast of normal monsoon.  Market has opened at 2200 & made a low of 2200 versus the day high of 2234. The total volume for the day was at 127490 lots and the open interest was at 119430.Now support for the guar is seen at 2208 and below could see a test of 2187. Resistance is now likely to be seen at 2242, a move above could see prices testing 2255.

Trading Ideas:

Guar trading range is 2187-2255.

Guar ended higher on bargain buying supported by some inquiries from exporters

Guar is getting resistance at 2242 and support is at 2206 level

Yesterday we have seen that open interest rose by 8750 and volume fell by 75230

SELL GUAR JULY ON JUMP @ 2250-2255 SL 2272 TGT 2234-2220.NCDEX

In Jodhpur guar prices gained 25 rupees and settled at 2,180 rupees per 100 kg.