Guar yesterday as per expectation ended down but may trim losses on bargain-buying supported by lower production view and thin arrivals. In the Jodhpur spot market, guar price dipped 56 rupees to end at 2,336 rupees per 100 kg. Guar yesterday we have seen that market has moved -1.75%. Market has opened at 2352 & made a low of 2277 versus the day high of 2383. The total volume for the day was at 382540 lots and the open interest was at 199970.Now support for the guar is seen at 2258 and below could see a test of 2215. Resistance is now likely to be seen at 2364, a move above could see prices testing 2427.

Trading Ideas:

Guar trading range is -1589-3177.

Guar as per expectation ended down but may trim losses on bargain-buying

Guar is taking resistance at 2326 and support at 2286.

Yesterday we have seen that open interest at 199970 down by 12720.

PULL BACK TODAY : SELL GUAR MAR ON JUMP @ 2315 SL 2334 TGT 2300-2282-2260.NCDEX