Guar erased most of its early gains to end almost steady as sufficient stocks and slow overseas demand offset low-level buying. In the Jodhpur spot market, guar price edged up 6 rupees to 2,422 rupees per 100 kg. In NCDEX accredited warehouses, guar stocks slid by 269 tonnes to 32,951 tonnes as on Feb. 2. Guar yesterday we have seen that market has moved 0.25%. Market has opened at 2414 & made a low of 2396 versus the day high of 2453. The total volume for the day was at 176790 lots and the open interest was at 143750.Now support for the guar is seen at 2390 and below could see a test of 2364. Resistance is now likely to be seen at 2447, a move above could see prices testing 2478.

Trading Ideas:

Guar trading range is 2370-2460.

Guar erased its gains to end steady on sufficient stocks and slow overseas demand

Guar is taking resistance at 2432 and support at 2390.

NCDEX accredited warehouses guar stocks seen at 32951 tonnes down by 269 tonnes.

In Jodhpur prices edged up 6 rupees to 2422 rupees per 100 kg

GUAR  IS CONSOLIDATING A BREAK ABV 2424 LOOK TILL 2480 LEVEL.