Guar yesterday we have seen that market has moved -0.05% on higher output and arrivals, but export demand limited losses. Arrivals are improving, but demand from exporters is also good. Some fresh arrivals of around 3000-35000 bags were reported in major mandies such as Sriganganagar and Hanumangarh.  In Jodhpur guar prices gained 47.6 rupees to 2104.65 rupees per 100 kg. Market has opened at 2142 & made a low of 2129 versus the day high of 2163. The total volume for the day was at 182130 lots and the open interest was at 141380.Now support for the guar is seen at 2128 and below could see a test of 2112. Resistance is now likely to be seen at 2162, a move above could see prices testing 2180.

Trading Ideas:

Guar trading range is 2112-2180.

Guar yesterday moved -0.05 down on higher output and arrivals

Guar is taking resistance at 2162 and support is seen at 2128.

NCDEX accredited warehouses guar stocks fell 10 tonnes to 35583 tonnes.

In Jodhpur guar prices gained 47.6 rupees to 2104.65 rupees per 100 kg.