Guar yesterday we have seen that market has moved -0.1% as prospects of higher output weighed but spot demand amid a decline in supplies prompted lower-level buying limited the losses. Sentiment is down as the coming crop is expected to be very good. Prices are likely to remain under pressure. In Jodhpur guar prices gained 4.25 rupees to 1975.05 rupees per 100 kg. Market has opened at 1985 & made a low of 1978 versus the day high of 1998. The total volume for the day was at 148080 lots and the open interest was at 196280.Now support for the guar is seen at 1976 and below could see a test of 1967. Resistance is now likely to be seen at 1996, a move above could see prices testing 2007.

Guar trading range is 1967-2007.

Guar settled weak on prospects of higher output

Guar is getting resistance at 1996 and support is at 1967 level

NCDEX accredited warehouses guar stocks rose 91 tonnes to 20225 tonnes.

In Jodhpur guar prices gained 4.25 rupees to 1975.05 rupees per 100 kg.