Guar ended higher on buying at low levels on hopes of improved domestic demand and estimates of lower crop. In the Jodhpur spot market, guar gained 7 rupees to end at 2,274 rupees per 100 kg. Guar yesterday we have seen that market has moved 1.2%. Market has opened at 2242 & made a low of 2234 versus the day high of 2270. The total volume for the day was at 211310 lots and the open interest was at 191590.Now support for the guar is seen at 2245 and below could see a test of 2221. Resistance is now likely to be seen at 2281, a move above could see prices testing 2293.

Trading Ideas:

Guar trading range is 2221-2293.

Guar ended higher on buying at low levels on hopes of improved domestic demand

Support for the gaur is at 2245 and resistance is at 2281.

NCDEX accredited warehouses guar stocks fell by 400 tonnes to 28476 tonnes.

In Jodhpur guar prices gained 7 rupees to end at 2,274 rupees per 100 kg

BUY GUAR APR @ 2240-2250 SL 2218 TGT 2268-2285-2298.NCDEX