Guar yesterday we have seen that market has moved 0.78% on value-buying supported by limited spot supply. Buyers are interested in buying at lower levels on hopes of improvement in export demand of guar gum.  In the Jodhpur spot market, guar seed dropped 43 rupees to end at 2,280 rupees per 100 kg. Market has opened at 2291 & made a low of 2276 versus the day high of 2313. The total volume for the day was at 96530 lots and the open interest was at 66630.Now support for the guar is seen at 2288 and below could see a test of 2264. Resistance is now likely to be seen at 2325, a move above could see prices testing 2338.

Trading Ideas:

Guar trading range is 2236-2388.

Guar ended positive on value-buying supported by limited spot supply

Guar is getting resistance at 2325 and support is at 2288 level

NCDEX accredited warehouses guar stocks fell 50 tonnes to 11178 tonnes.

BUY GUAR JULY @ 2300-2315 SL 2280 TGT 2334-2356.NCDEX

In Jodhpur guar prices fell 43 rupees and settled at 2,280 rupees per 100 kg.