Guar yesterday we have seen that market has moved 0.71% spurred by weak arrivals in major mandies along with strong demand of guargum millers. Guar arrivals in major mandies of Rajasthan and Haryana have reduced to 60000-65000 bags. Moreover, strong demand of Haryana's guargum millers in major mandies of Rajasthan such as Jodhpur and Nagaur resulted to sharp gains in physical market. In Jodhpur guar prices gained 61.45 rupees to 2442.3 rupees per 100 kg. Market has opened at 2530 & made a low of 2521 versus the day high of 2576. The total volume for the day was at 141190 lots and the open interest was at 91700.Now support for the guar is seen at 2523 and below could see a test of 2495. Resistance is now likely to be seen at 2578, a move above could see prices testing 2605.

Trading Ideas:

Guar trading range is 2498-2608.

Guar ended positive spurred by weak arrivals in major mandies

Guar is taking resistance at 2578 and support is seen at 2523.

NCDEX accredited warehouses guar stocks rose 1312 tonnes to 63318 tonnes.

GUAR FEB IS TRADING AT 2545 WILL WAIT TO BUY ON SOME PULLBACK TILL 2510 LEVEL.

In Jodhpur guar prices gained 61.45 rupees to 2442.3 rupees per 100 kg.