Guar edged higher on low-level buying boosted by hopes of lower production, thin arrivals and on likely improvement in domestic demand. In the Jodhpur spot market, guar seed price gained 20 rupees to end at 2,324 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.44%. Market has opened at 2277 & made a low of 2250 versus the day high of 2295. The total volume for the day was at 277050 lots and the open interest was at 174900.Now support for the guar is seen at 2256 and below could see a test of 2230. Resistance is now likely to be seen at 2301, a move above could see prices testing 2320.

Trading Ideas:

Guar trading range is 2230-2320.

Guar edged higher on low-level buying boosted by hopes of lower production

Guar is having support at 2256 and resistance at 2301 level.

NCDEX accredited warehouses guar stocks seen at 30238 tonnes as on Feb 24.

BUY GUAR MAR @ 2260-2270 SL 2242 TGT 2288-2300-2315.NCDEX

In Jodhpur price gained 20 rupees to end at 2,324 rupees per 100 kg