Guar yesterday we have seen that market has moved 4% as export demand has been supporting the prices to remain firm though the supplies have improved in the mandis due to clear sky in the growing areas. Volume remains weak as traders are awaiting dip to take fresh positions.

Arrivals have declined in the physical market due to the continuous fall in prices earlier in the week. In Jodhpur guar prices gained 122.6 rupees to 2444 rupees per 100 kg. Market has opened at 2497 & made a low of 2430 versus the day high of 2526. The total volume for the day was at 122210 lots and the open interest was at 91850.

Now support for the guar is seen at 2462 and below could see a test of 2398. Resistance is now likely to be seen at 2558, a move above could see prices testing 2590. Trading Ideas: Guar trading range is 2398-2590. Guar ended higher getting support from export demand Guar is taking resistance at 2558 and support is seen at 2500. NCDEX accredited warehouses guar stocks rose 309 tonnes to 40578 tonnes. In Jodhpur guar prices gained 122.6 rupees to 2444 rupees per 100 kg.