Guar shed more than 2 percent on weak, slack domestic off-take and sufficient stocks. Spot market, which moved in tandem with guar seed futures price, was down by 75 rupees to 2,560 rupees per 100 kg at Jodhpur. On NCDEX accredited warehouses stock of guar stood steady at 30,279 tonnes as on Jan. 09. Guar yesterday we have seen that market has moved -2.23%. Market has opened at 2631 & made a low of 2570 versus the day high of 2651. The total volume for the day was at 87020 lots and the open interest was at 99630.Now support for the guar is seen at 2552 and below could see a test of 2521. Resistance is now likely to be seen at 2633, a move above could see prices testing 2683.

Trading Ideas:

Guar trading range is 2540-2630.

Guar shed more than 2%t on weak, slack domestic off-take and sufficient stocks

Demat stock of guar at NCDEX-monitored warehouses stood steady at 30,279 tonnes

In Bikaner prices fell by over 50 rupees and settled at 2557.50 rupees per 100 kg.

SELL GUAR JAN BELOW 2580 SL 2600 TGT 2565-2542-2526.NCDEX.NCDEX