Guar yesterday we have seen that market has moved -3.99% on the back of rising arrivals in major mandis. It has been reported that the total daily arrivals of guar at major mandis were around 10,000-12,000 bags against 5,000-6,000 bags reported last week. In Jodhpur guar prices dropped -23 rupees to 2774.5 rupees per 100 kg. Market has opened at 2896 & made a low of 2788 versus the day high of 2907. The total volume for the day was at 218450 lots and the open interest was at 186520.Now support for the guar is seen at 2748 and below could see a test of 2709. Resistance is now likely to be seen at 2867, a move above could see prices testing 2947.

Trading Ideas:

Guar trading range is 2710-2948.

Guar ended lower on the back of rising arrivals in major mandis

Guar is taking resistance at 2810 and support is seen at 2756

NCDEX accredited warehouses guar stocks rose 70 tonnes to 93471 tonnes.

In Jodhpur guar prices dropped -23 rupees to 2774.5 rupees per 100 kg.