Guar traded flat but market look to show weakness on a slowdown in demand from exporters and stockists on concerns estimates of higher production could weigh on prices, as sideways trend was noted for Guar as no strong market sentiments emerged in the mandis. Prospects of increased production were offset by expected rise in export demand in coming weeks for Guargum. In the Jodhpur spot market in Rajasthan, guar seed slipped 10 rupees to end at 2,416 rupees per 100 kg. 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. For today's session market is looking to take support at 2493, a break below could see a test of 2479 and where as resistance is now likely to be seen at 2518, a move above could see prices testing 2529.

Trading Ideas:

Guar trading range is 2480-2530.

Guar ended positive spurred by weak arrivals in major mandies but pressure can be seen in coming weeks.

Expectations of exports rising in coming weeks that could support the prices.

Strengthening of Dollar vs Re could have positive impact on the export front.

GUAR FEB IS TRADING AT 2545 WILL WAIT TO BUY ON SOME PULLBACK TILL 2510 LEVEL.

In Jodhpur guar prices dropped -10.45 rupees to 2405.7 rupees per 100 kg.