Guar ended lower on profit booking and also tepid demand in the physical market and huge stocks weighed on sentiment. Anticipation of good monsoon next year is also weighing on the prices. Demand for churi and korma, the by-products of guar, is very weak. In the Jodhpur spot market, guar prices ended 2276.35 rupees per 100 kg. Guar yesterday we have seen that market has moved -1.73%. Market has opened at 2288 & made a low of 2245 versus the day high of 2302. The total volume for the day was at 183840 lots and the open interest was at 172190.Now support for the guar is seen at 2231 and below could see a test of 2210. Resistance is now likely to be seen at 2288, a move above could see prices testing 2324.

Trading Ideas:

Guar trading range is 2192-2302.

Guar ended lower Saturday on profit booking

Support for the gaur is at 2231 and resistance is at 2288.

NCDEX accredited warehouses guar stocks fell by 806 tonnes to 28896 tonnes.

In Jodhpur guar prices ended 2276.35 rupees per 100 kg

SELL GUAR APR @ 2270-2280 SL 2302 TGT 2256-2238-2225.NCDEX