Guar yesterday we have seen that market has moved 2.51% due to delay in fresh arrivals due to late sowing. In non-irrigated areas of Rajasthan, guar seed sowing begins after mid-June, when monsoon reaches the state, but this year delayed rains pushed back planting. However, prospects of higher output due to expanded area may limit gains. In Jodhpur guar prices gained 7.55 rupees to 2004.75 rupees per 100 kg. Market has opened at 2055 & made a low of 2050 versus the day high of 2118. The total volume for the day was at 215560 lots and the open interest was at 170950.Now support for the guar is seen at 2072 and below could see a test of 2027. Resistance is now likely to be seen at 2140, a move above could see prices testing 2163.

Trading Ideas:

Guar trading range is 2027-2163.

Guar settled higher due to delay in fresh arrivals due to late sowing

Guar is taking resistance at 2140 and support is seen at 2072.

NCDEX accredited warehouses guar stocks rose 68 tonnes to 32999 tonnes.

In Jodhpur guar prices gained 7.55 rupees to 2004.75 rupees per 100 kg.