Guar yesterday we have seen that market has moved -0.85% as arrivals picked up after a two-week delay, but export demand limited the losses. The delay in arrivals was pushing prices higher. Now both Haryana and Rajasthan spot markets see an increase in arrivals. Strong export demand will continue to support prices or prevent a sharp fall. Fresh arrivals of around 20000-25000 bags were reported in major mandies. In Jodhpur guar prices dropped -12.45 rupees to 2044.8 rupees per 100 kg. Market has opened at 2139 & made a low of 2098 versus the day high of 2144. The total volume for the day was at 165640 lots and the open interest was at 157920.Now support for the guar is seen at 2092 and below could see a test of 2072. Resistance is now likely to be seen at 2138, a move above could see prices testing 2164.

Trading Ideas:

Guar trading range is 2072-2164.

Guar settled down as arrivals picked up after a two-week delay

Guar is taking resistance at 2138 and support is seen at 2092.

NCDEX accredited warehouses guar stocks rose 10 tonnes to 35334 tonnes.

In Jodhpur guar prices dropped -12.45 rupees to 2044.8 rupees per 100 kg.