Guar yesterday we have seen that market has moved 0.18%  on export demand and poor supplies but monsoon rains and weakening demand for churi and korma weighed. Supplies in the market are very poor. In the Jodhpur spot market, guar seed inched up 5 rupees to end at 2,208 rupees per 100 kg. Market has opened at 2265 & made a low of 2255 versus the day high of 2278. The total volume for the day was at 191300 lots and the open interest was at 137730.Now support for the guar is seen at 2256 and below could see a test of 2244. Resistance is now likely to be seen at 2279, a move above could see prices testing 2290.

Trading Ideas:

Guar trading range is 2244-2290.

Guar yesterday ended positive on export demand and poor supplies

Guar is getting resistance at 2279 and support is at 2256 level

NCDEX accredited warehouses guar stocks rose 512 tonnes to 11406 tonnes.

SELL GUAR JULY @ 2280 SL 2300 TGT 2260-2232.NCDEX

In Jodhpur guar prices rose up by 5 rupees and settled at 2,208 rupees per 100 kg.