Guar yesterday we have seen that market has moved 1.75% Saturday on continuous lower-level buying. Demand for guar gum is good in the physical markets which also supported the prices. In the Jodhpur spot market, guar gained 17 rupees to end at 2,325 rupees per 100 kg. Market has opened at 2340 & made a low of 2338 versus the day high of 2396. The total volume for the day was at 168910 lots and the open interest was at 158530. Now support for the guar is seen at 2351 and below could see a test of 2315. Resistance is now likely to be seen at 2409, a move above could see prices testing 2431.

Trading Ideas:

Guar trading range is 2315-2431.

Guar moved up on continuous lower-level buying

Guar is getting resistance at 2409 and support is at 2351 level

NCDEX accredited warehouses guar stocks fell by 148 tonnes to 14859 tonnes.

BUY GUAR JUNE ABV 2392 SL 2378 TGT 2405-2426. NCDEX

In Jodhpur guar prices gained by 37 and settled at 2,362 rupees per 100 kg.