Guar yesterday we have seen that market has moved 0.41% on the back of firm export demand and reports of delayed arrivals coupled with slight fall in production expectations supporting the prices at the lower levels. Though, the traders are of the view that with skies likely to remain clear this week, higher arrival may put some pressure in the mandis. In Jodhpur guar prices gained 63.65 rupees to 2414.25 rupees per 100 kg. Market has opened at 2474 & made a low of 2467 versus the day high of 2503. The total volume for the day was at 190140 lots and the open interest was at 126450.Now support for the guar is seen at 2456 and below could see a test of 2443. Resistance is now likely to be seen at 2492, a move above could see prices testing 2515.

Trading Ideas:

Guar trading range is 2445-2517.

Guar ended firm on the back of firm export demand

Guar is taking resistance at 2484 and support is seen at 2456.

NCDEX accredited warehouses guar stocks rose 1170 tonnes to 38302 tonnes.

In Jodhpur guar prices gained 63.65 rupees to 2414.25 rupees per 100 kg.