Guar ended slightly up on some buying support at lower-levels after prices fell for two sessions in a row losing nearly 2 percent. In the Jodhpur spot market, guar edged up 5 rupees to end at 2,326 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.52%. Market has opened at 2305 & made a low of 2294 versus the day high of 2319. The total volume for the day was at 74610 lots and the open interest was at 112250.Now support for the guar is seen at 2298 and below could see a test of 2283. Resistance is now likely to be seen at 2323, a move above could see prices testing 2333.

Trading Ideas:

Guar trading range is 2283-2333.

Guar ended slightly up on some buying support at lower-levels

Guar is getting resistance at 2323 and support is at 2298 level

NCDEX accredited warehouses guar stocks rose by 10 tonnes to 26844 tonnes.

In Jodhpur guar prices rose by 5 rupees to end at 2,326 rupees per 100 kg.

SELL GUAR APR @ 2320-2330 SL 2352 TGT 2302-2282.NCDEX