Guar yesterday we have seen that market has moved 0.14% as demand picked up in the mandis at the lower levels. Lower arrivals further supported the Guar rates as there was significant upside movement for the commodity.  Reports of delayed arrivals of the new crop due to late sowing this year too had a bullish impact on the prices. Weak export demand however still continued. In Jodhpur guar prices gained 21.95 rupees to 2022.65 rupees per 100 kg. Market has opened at 2077 & made a low of 2067 versus the day high of 2110. The total volume for the day was at 258290 lots and the open interest was at 152390.Now support for the guar is seen at 2060 and below could see a test of 2042. Resistance is now likely to be seen at 2103, a move above could see prices testing 2128.

Trading Ideas:

Guar trading range is 2042-2128.

Guar settled higher as demand picked up in the mandis at the lower levels

Guar is taking resistance at 2103 and support is seen at 2060.

NCDEX accredited warehouses guar stocks rose 701 tonnes to 31832 tonnes.

In Jodhpur guar prices gained 21.95 rupees to 2022.65 rupees per 100 kg.