Guar ended higher but huge stocks and weak demand for guar meal weighed on prices. In the Jodhpur spot market, guar seed gained 24 rupees to end at 2,369 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.65%. Market has opened at 2310 & made a low of 2307 versus the day high of 2349.

The total volume for the day was at 85780 lots and the open interest was at 98960.Now support for the guar is seen at 2304 and below could see a test of 2284. Resistance is now likely to be seen at 2346, a move above could see prices testing 2368.

Trading Ideas:

Guar trading range is 2284-2368.

Guar ended higher but huge stocks and weak demand for guar meal weighed on prices

Support for the gaur is at 2304 and resistance is at 2346.

NCDEX accredited warehouses guar stocks rose by 30 tonnes to 29782 tonnes.

BUY GUAR MAR ABV 2328 SL 2310 TGT 2338-2350-2364.NCDEX

In Jodhpur gained by 24 rupees to 2,369 rupees per 100 kg