Guar yesterday we have seen that market has moved 1.07% supported by robust demand from stockists and millers amid falling arrivals.

Trading volumes rose because export demand is very strong. India is the world's largest producer and exporter of guar gum and supplies 80 percent of the global demand. In Jodhpur guar prices gained 71.3 rupees to 2631.9 rupees per 100 kg. Market has opened at 2742 & made a low of 2727 versus the day high of 2773. The total volume for the day was at 253360 lots and the open interest was at 206290. Now support for the guar is seen at 2722 and below could see a test of 2702. Resistance is now likely to be seen at 2768, a move above could see prices testing 2794.

Trading Ideas:

Guar trading range is 2701-2793.

Guar ended higher supported by robust demand amid falling arrivals.

Guar is taking resistance at 2768 and support is seen at 2722.

NCDEX accredited warehouses guar stocks rose 2167 tonnes to 85310 tonnes.

BUY GUAR FEB @ 2680-2700 SL 2665 TGT 2735-2760.NCDEX

In Jodhpur guar prices gained 30.95 rupees to 2591.55 rupees per 100 kg.