Guar yesterday we have seen that market has moved 0.21% on value buying supported by negligible arrivals and exporters demand. Inquiries from exporters for guar gum are supporting the prices. In the Jodhpur spot market, guar dropped 20 rupees to end at 2,369 rupees per 100 kg. Market has opened at 2399 & made a low of 2377 versus the day high of 2414. The total volume for the day was at 180400 lots and the open interest was at 140670.Now support for the guar is seen at 2383 and below could see a test of 2361. Resistance is now likely to be seen at 2420, a move above could see prices testing 2435.

Trading Ideas:

Guar trading range is 2361-2435.

Guar ended higher on value buying supported by negligible arrivals and exporters demand

Guar is getting resistance at 2420 and support is at 2383 level

NCDEX accredited warehouses guar stocks fell 90 tonnes to 14769 tonnes.

BUY GUAR JUNE @ 2400 SL 2380 TGT 2418-2432.NCDEX

In Jodhpur guar prices dropped by 20 and settled at 2,369 rupees per 100 kg.