Guar yesterday we have seen that market has moved 0.3% as export demand supported buying though rising arrivals capped the gains.  Arrival pressure is there but decent export demand is offsetting it. Guar seed output in Rajasthan, the country's top producer, is expected to rise to 1.51 million tonnes in 2010/11, boosted by higher area and good monsoon rains. In Jodhpur guar prices gained 6.8 rupees to 2283.5 rupees per 100 kg. Market has opened at 2361 & made a low of 2359 versus the day high of 2399. The total volume for the day was at 216610 lots and the open interest was at 180110.Now support for the guar is seen at 2359 and below could see a test of 2339. Resistance is now likely to be seen at 2399, a move above could see prices testing 2419.

Trading Ideas:

Guar trading range is 2339-2419.

Guar ended firm as export demand supported buying

Guar is taking resistance at 2399 and support is seen at 2359.

NCDEX accredited warehouses guar stocks rose 150 tonnes to 34514 tonnes

In Jodhpur guar prices gained 6.8 rupees to 2283.5 rupees per 100 kg.