Guar yesterday we have seen that market has moved 0.91% as millers bought to meet export demand amidst falling arrivals. Daily arrivals of guar seed have fallen to 40,000-45,000 bags of 100 kg each against 50,000 bags previous week at all India level. The Guar arrivals are dropping in Rajasthan, extending a trend, which became visible in the last week of January.

In Jodhpur guar prices dropped -12.45 rupees to 2826.25 rupees per 100 kg. Market has opened at 2979 & made a low of 2956 versus the day high of 2999. The total volume for the day was at 140900 lots and the open interest was at 172570. Now support for the guar is seen at 2968 and below could see a test of 2940.

Resistance is now likely to be seen at 3011, a move above could see prices testing 3026. Trading Ideas: Guar trading range is 2940-3026. Guar ended positive as millers bought to meet export demand Guar is taking resistance at 3020 and support is seen at 2964 NCDEX accredited warehouses guar stocks rose 709 tonnes to 91342 tonnes. In Jodhpur guar prices dropped -12.45 rupees to 2826.25 rupees per 100 kg.