Guar ended higher on bargain buying after falling for two sessions in a row, supported by negligible arrivals and estimates of lower output. In the Jodhpur spot market, guar seed fell 9 rupees to end at 2,308 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.22%.

Market has opened at 2316 & made a low of 2304 versus the day high of 2347. The total volume for the day was at 188840 lots and the open interest was at 149950. Now support for the guar is seen at 2307 and below could see a test of 2284. Resistance is now likely to be seen at 2350, a move above could see prices testing 2370.

Trading Ideas:

Guar trading range is 2284-2370.

Guar ended higher on bargain buying after falling for two sessions in a row

Guar is getting resistance at 2350 and support is at 2307 level

Yesterday we have seen that open interest rose by 4890 and volume by 20680

BUY GUAR JUNE @ 2325-2335 SL 2300 TGT 2356-2375.NCDEX

In Jodhpur guar prices dropped by 9 and settled at 2,308 rupees per 100 kg.