Guar yesterday we have seen that market has moved 0.57% due to robust demand for guar gum from exporters to complete overseas orders and active buying from stockists and millers amid falling arrivals. Export demand is good and is likely to remain firm in coming days. Total guar gum exports are expected to be higher this year because of a recovery in global demand. The estimate has been lowered slightly from the previous estimate due to unseasonal rains during the harvesting operations. In Jodhpur guar prices gained 59.35 rupees to 2712.35 rupees per 100 kg.  Market has opened at 2800 & made a low of 2785 versus the day high of 2840. The total volume for the day was at 194250 lots and the open interest was at 203820.Now support for the guar is seen at 2782 and below could see a test of 2756. Resistance is now likely to be seen at 2837, a move above could see prices testing 2866.

Trading Ideas:

Guar trading range is 2757-2867.

Guar rose due to robust demand for guar gum from exporters

Guar is taking resistance at 2837 and support is seen at 2782.

NCDEX accredited warehouses guar stocks rose 50 tonnes to 86485 tonnes.

GUAR OVERALL LOOK TO TEST 2870 LEVEL BUT PROFIT BOOKING IS EXPECTED.

In Jodhpur guar prices gained 59.35 rupees to 2712.35 rupees per 100 kg.