Guar yesterday we have seen that market has moved -0.86% as traders opted to book profits after prices rose more than 5 percent in the last 8 sessions. Profit-booking is dragging the market down. In guar, the key factor is monsoon as it is a rain-dependent crop. In the Jodhpur spot market in Rajasthan, guar fell 18 rupees to 2,256 rupees per 100 kg. Market has opened at 2326 & made a low of 2298 versus the day high of 2330. The total volume for the day was at 200290 lots and the open interest was at 137140. Now support for the guar is seen at 2294 and below could see a test of 2280. Resistance is now likely to be seen at 2326, a move above could see prices testing
2344.

Trading Ideas:

Guar trading range is 2280-2344.

Guar ended weak as traders opted to book profits after prices rose earlier

Guar is getting resistance at 2326 and support is at 2294 level

Yesterday we have seen that open interest rose by 8175 and volume fell by 16830

BUY GUAR JULY ABV 2310 SL 2290 TGT 2330-2356-2370. NCDEX

In Jodhpur guar prices dropped by 18 rupees and settled at 2,256 rupees per 100 kg.