Guar yesterday we have seen that market has moved 0.49% on fresh buying, triggered by a drop in daily arrivals and good demand for guar gum. Fresh buying is seen in the market after recent correction in prices. Arrivals have come down in the physical market. In Jodhpur guar prices gained 13.35 rupees to 2362.45 rupees per 100 kg. Market has opened at 2475 & made a low of 2461 versus the day high of 2503. The total volume for the day was at 166210 lots and the open interest was at 174130.Now support for the guar is seen at 2459 and below could see a test of 2439. Resistance is now likely to be seen at 2501, a move above could see prices testing 2523.

Trading Ideas:

Guar trading range is 2441-2525.

Guar ended firm on fresh buying triggered by a drop in daily arrivals

Guar is taking resistance at 2500 and support is seen at 2460.

Arrivals have come down in the physical market

In Jodhpur guar prices gained 13.35 rupees to 2362.45 rupees per 100 kg.