Guar yesterday we have seen that market has moved 4.04% on robust buying by exporters and on a supply squeeze in the spot market. Demand from overseas was good. Rajasthan accounts for about 80 percent of India's guar acreage followed by Haryana with 11 percent. In the Jodhpur spot market, guar seed gained 58 rupees to end at 2,327 rupees per 100 kg. Market has opened at 2321 & made a low of 2321 versus the day high of 2397. The total volume for the day was at 239840 lots and the open interest was at 118610.Now support for the guar is seen at 2346 and below could see a test of 2296. Resistance is now likely to be seen at 2422, a move above could see prices testing 2448.

Trading Ideas:

Guar trading range is 2296-2448.

Guar ended positive on robust buying by exporters

Rajasthan accounts for about 80% of India's guar acreage followed by Haryana with 11%

Guar is getting resistance at 2422 and support is at 2362 level

BUY GUAR JULY ABV 2400 SL 2380 TGT 2418-2440.NCDEX

In Jodhpur guar prices gained by 58 rupees and settled at 2,327 rupees per 100 kg.