Guar fell over 2 percent on poor off-take by stockists and millers and on weakness in other agri-commodities. Slowdown in demand by stockists and weakness in other agri commodities have impacted guar. Guar yesterday we have seen that market has moved -2.27%. Market has opened at 2693 & made a low of 2618 versus the day high of 2695.

The total volume for the day was at 340680 lots and the open interest was at 202750. Now support for the guar is seen at 2599 and below could see a test of 2570. Resistance is now likely to be seen at 2676, a move above could see prices testing 2724.

Trading Ideas:

GUAR TRADING RANGE IS 2570-2680.

GUAR FELL OVER 2 PERCENT ON POOR OFF-TAKE BY STOCKISTS AND MILLERS

SUPPORT FOR GUAR IS AT 2599 AND RESIST IS AT 2652.

IN BIKANER PRICES FELL OVER 58 RUPEES AND ENDED AT 2584.50 RUPEES PER 100 KG.

SELL GUAR JAN @ 2630-2640 SL 2662 TGT 2616-2602-2588. NCDEX