Guar yesterday we have seen that market has moved -0.67% as arrivals began, but lower-than-expected supplies limited losses. Arrivals have begun in Haryana and will start in Rajasthan in a week's time. 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. In Jodhpur guar prices dropped -9.4 rupees to 2014.25 rupees per 100 kg. Market has opened at 2089 & made a low of 2063 versus the day high of 2100. The total volume for the day was at 200470 lots and the open interest was at 171720. Now support for the guar is seen at 2060 and below could see a test of 2043. Resistance is now likely to be seen at 2097, a move above could see prices testing 2117.

Trading Ideas:

Guar trading range is 2043-2117.

Guar settled weak as arrivals began but lower supplies limited losses

Guar is taking resistance at 2097 and support is seen at 2060.

NCDEX accredited warehouses guar stocks rose 917 tonnes to 34621 tonnes.

In Jodhpur guar prices dropped -20.35 rupees to 2003.3 rupees per 100 kg.