Guar yesterday we have seen that market has moved 1.28% as lower stocks, hopes of likely delay in fresh arrivals due to late sowing, and thin supplies prompted buying. In non-irrigated areas, guar seed sowing begins after mid-June, when monsoon rains reach Rajasthan, but this year delayed rains pushed back planting. But estimates of higher production may weigh on sentiment. In Jodhpur guar prices gained 13.35 rupees to 2012.1 rupees per 100 kg. Market has opened at 2038 & made a low of 2038 versus the day high of 2086. The total volume for the day was at 242340 lots and the open interest was at 188780.Now support for the guar is seen at 2039 and below could see a test of 2015. Resistance is now likely to be seen at 2087, a move above could see prices testing 2111.

Trading Ideas:

Guar trading range is 2015-2111.

Guar settled positive as lower stocks and thin supplies prompted buying

Guar is taking resistance at 2087 and support is seen at 2039.

NCDEX accredited warehouses guar stocks rose 472 tonnes to 20767 tonnes.

In Jodhpur guar prices gained 13.35 rupees to 2012.1 rupees per 100 kg.