Guar yesterday we have seen that market has moved 2.3% on value buying supported by good export demand for guar gum and thin supplies in spot. Exporters are very active and demand from overseas countries is good. In the Jodhpur spot market, guar fell 15 rupees to end at 2,354 rupees per 100 kg. Market has opened at 2462 & made a low of 2435 versus the day high of 2544. The total volume for the day was at 484060 lots and the open interest was at 187280.Now support for the guar is seen at 2463 and below could see a test of 2394. Resistance is now likely to be seen at 2572, a move above could see prices testing 2612.

Trading Ideas:

Guar trading range is 2394-2612.

Guar ended higher on value buying supported by good export demand

Guar is getting resistance at 2558 and support is at 2504 level

NCDEX accredited warehouses guar stocks rose by 19 tonnes to 14080 tonnes.

BUY GUAR AUG @ 2515 SL 2495 TGT 2535-2552.NCDEX

In Jodhpur guar prices fell by 15 rupees and settled at 2,354 rupees per 100 kg.