Guar yesterday we have seen that market has moved 0.93% due to fresh enquiries from local buyers and exporters, while declining supplies also supported. Supplies are shrinking day by day in spot. Export demand is good and likely to remain firm in the coming months. Guar seed output in Rajasthan, the country's top producer, may come in at 1.49 million tonnes in 2010/11.  In Jodhpur guar prices gained 47.35 rupees to 2842.5 rupees per 100 kg. Market has opened at 2886 & made a low of 2866 versus the day high of 2952. The total volume for the day was at 241530 lots and the open interest was at 181830.Now support for the guar is seen at 2872 and below could see a test of 2826. Resistance is now likely to be seen at 2958, a move above could see prices testing 2998.

Trading Ideas:

Guar trading range is 2828-3000.

Guar gained due to fresh enquiries from local buyers and exporters

Guar is taking resistance at 2948 and support is seen at 2900.

NCDEX accredited warehouses guar stocks rose 974 tonnes to 95220 tonnes.

SELL GUAR MAR BELOW 2890 SL 2928 TGT 2856-2818.NCDEX

In Jodhpur guar prices gained 47.35 rupees to 2842.5 rupees per 100 kg.