Guar yesterday we have seen that market has moved 0.82% on fresh buying by speculators. The total arrivals of guar seed were 35000 bags, slightly lower than the 40000 bags witnessed previous day. Domestic demand has slowed down at higher prices. But any steep fall is unlikely because of robust export demand. In Jodhpur guar prices dropped -2.6 rupees to 2865.5 rupees per 100 kg. Market has opened at 2940 & made a low of 2911 versus the day high of 2978. The total volume for the day was at 221820 lots and the open interest was at 157980.Now support for the guar is seen at 2922 and below could see a test of 2883. Resistance is now likely to be seen at 2989, a move above could see prices testing 3017. Trading Ideas:

Guar trading range is 2883-3017.

Guar ended higher on fresh buying by speculators

Guar is taking resistance at 2988 and support is seen at 2938.

NCDEX accredited warehouses guar stocks dropped by a tonne 95396 tonnes.

In Jodhpur guar prices dropped -2.6 rupees to 2865.5 rupees per 100 kg.