Guar extended losses to over 2 percent as poor overseas demand for guar gum and subdued domestic off-take at higher levels outweighed lower output estimates. Lack of export enquires in the market has been putting pressure on guar prices. Guar yesterday we have seen that market has moved -1.89%. Market has opened at 2755 & made a low of 2675 versus the day high of 2765. The total volume for the day was at 386880 lots and the open interest was at 236300.Now support for the guar is seen at 2666 and below could see a test of 2625. Resistance is now likely to be seen at 2756, a move above could see prices testing 2805.

Trading Ideas:

GUAR TRADING RANGE IS 2650-2760.

GUAR EXTENDED LOSSES TO OVER 2 PERCENT ON POOR OVERSEAS DEMAND

SELL GUAR JAN BELOW 2700 SL 2722 TGT 2684-2670-2656. NCDEX

SOME PULL BACK CAN BE SEEN IN NEXT TRADING HOURS

IN BIKANER PRICES FELL OVER 44 RUPEES AND ENDED AT 2626.65 RUPEES PER 100 KG.