Guar yesterday we have seen that market has moved -1.17% on profit-taking. Demand has slowed down at higher prices. Guar seed output in Rajasthan, the country's top producer, may come in at 1.49 million tonnes in 2010/11. However, guar futures to recover from lower levels because of export demand. In Jodhpur guar prices dropped -37.9 rupees to 2894.6 rupees per 100 kg. Market has opened at 2989 & made a low of 2936 versus the day high of 2990. The total volume for the day was at 143170 lots and the open interest was at 143010.Now support for the guar is seen at 2927 and below could see a test of 2904. Resistance is now likely to be seen at 2981, a move above could see prices testing 3012. Trading Ideas:

Guar trading range is 2906-3014.

Guar yesterday we have seen that market has moved lower on profit-taking

Guar is taking resistance at 2981 and support is seen at 2927.

NCDEX accredited warehouses guar stocks rose by 120 tonnes to 95537 tonnes.

In Jodhpur guar prices dropped -37.9 rupees to 2894.6 rupees per 100 kg.