Guar fell on profit-taking after prices rose nearly 6 percent since last Monday on estimates of lower crop and improved overseas demand. Market is in over-bought position that's why it is taking some correction. Fundamentally, the market is still bullish and arrivals are likely to come down further. Guar yesterday we have seen that market has moved -0.52%.

Market has opened at 2825 & made a low of 2792 versus the day high of 2835. The total volume for the day was at 132720 lots and the open interest was at 117460. Now support for the guar is seen at 2791 and below could see a test of 2770. Resistance is now likely to be seen at 2834, a move above could see prices testing 2856.

Trading Ideas:

GUAR TRADING RANGE IS 2750-2870.

GUAR YESTERDAY DRAGGED DOWN BY PROFIT-BOOKING

SELL GUAR DEC @ 2820-2830 SL 2856 TGT 2802-2784-2762.NCDEX

SUPPORT FOR THE GUAR IS AT 2791 BELOW THIS NEXT SUP IS AT 2770-2752.

PRICES ROSE NEARLY 6 PERCENT SINCE LAST MONDAY ON ESTIMATES OF LOWER CROP

IN BIKANER PRICES DROPPED 16 RUPEES AND ENDED AT 2745.65 RUPEES PER 100 KG