Guar rose on bargain-hunting driven by hopes demand for gum will rise in coming months and on a sharp fall in the output. In the Jodhpur spot market, guar rose by 66 rupees to 2,416 rupees per 100 kg. Guar yesterday we have seen that market has moved 1.7%. Market has opened at 2350 & made a low of 2350 versus the day high of 2417. The total volume for the day was at 293850 lots and the open interest was at 151570. Now support for the guar is seen at 2353 and below could see a test of 2318. Resistance is now likely to be seen at 2420, a move above could see prices testing 2452.

Guar trading range is 2318-2452.

Guar rose on bargain-hunting driven by hopes demand for gum will rise

Guar is having support at 2353 and resistance at 2402 level.

NCDEX accredited warehouses guar stocks fell by 19 tonnes at 29753 tonnes.

BUY GUAR MAR @ 2370-2380 SL 2352 TGT 2398-2415-2430.NCDEX

In Jodhpur price rose by 66 rupees to 2,416 rupees per 100 kg