Guar yesterday we have seen that market has moved -0.62% as arrivals began, but lower quantity of supplies due to a delayed harvest limited losses. Although arrivals are picking up in the spot markets, it is still lagging behind due to delayed harvesting. In Jodhpur guar prices gained 18.9 rupees to 2023.65 rupees per 100 kg. Market has opened at 2122 & made a low of 2086 versus the day high of 2128. The total volume for the day was at 201270 lots and the open interest was at 167990. Now support for the guar is seen at 2075 and below could see a test of 2060. Resistance is now likely to be seen at 2117, a move above could see prices testing 2144. Trading Ideas:

Guar trading range is 2060-2144.

Guar settled weak as arrivals began but lower quantity of supplies limited losses

Guar is taking resistance at 2117 and support is seen at 2075.

NCDEX accredited warehouses guar stocks rose 705 tonnes to 33704 tonnes.

In Jodhpur guar prices gained 18.9 rupees to 2023.65 rupees per 100 kg.