Guar yesterday we have seen that market has moved 0.1% decreasing arrivals across the spot markets and the strong demand for the ready guar gum are supporting the prices but the rise in prices were limited on intraday profit booking. The export enquiries for the guar gum are expected to support the uptrend in the prices.

The supply crunch of the gum and the stocking has led to this situation and sudden perk in prices. In Jodhpur guar prices dropped -16.9 rupees to 2825.6 rupees per 100 kg. Market has opened at 2910 & made a low of 2902 versus the day high of 2960. The total volume for the day was at 183370 lots and the open interest was at 178450. Now support for the guar is seen at 2899 and below could see a test of 2871. Resistance is now likely to be seen at 2957, a move above could see prices testing 2987.

Trading Ideas: Guar trading range is 2872-2988. Guar ended firm on decreasing arrivals across the spot markets Guar is taking resistance at 2957 and support is seen at 2899. NCDEX accredited warehouses guar stocks rose 159 tonnes to
95379 tonnes. In Jodhpur guar prices dropped -16.9 rupees to 2825.6 rupees per 100 kg.