Guar yesterday we have seen that market has moved 0.23% on partial short covering. Meanwhile, traders are eagerly waiting for clear monsoon that would guide the next move in guar. In Jodhpur guar dropped 15 rupees to 2,164 rupees per 100 kg. Market has opened at 2192 & made a low of 2189 versus the day high of 2218. The total volume for the day was at 136980 lots and the open interest was at 113940.Now support for the guar is seen at 2193 and below could see a test of 2176. Resistance is now likely to be seen at 2222, a move above could see prices testing 2234.

Trading Ideas:

Guar trading range is 2176-2234.

Guar prices on Saturday has moved 0.23% on partial short covering

Guar is getting resistance at 2222 and support is at 2193 level

NCDEX accredited warehouses guar stocks rose 128 tonnes to 10631 tonnes.

SELL GUAR JULY ON JUMP @ 2225-2230 SL 2258 TGT 2208-2180.NCDEX

In Jodhpur guar prices inched down by 15 rupees and settled at 2,164 rupees per 100 kg.