Alike other agriculture commodities, guar seed and guar gum futures reacted adversely to the reports that a Parliament committee has suggested to discourage futures trading in agriculture products, and finished down sharply with around four per cent losses on heavy selling during a panicky intraday session on the NCDEX Wednesday. Now support for the guar is seen at 2015 and below could see a test of 1983. Resistance is now likely to be seen at 2113, a move above could see prices testing 2179

Trading Ideas:

TRADING RANGE IS 1983-2179.
BUY GUAR AUG ABV 2060 SL 2038 TGT 2086-2100-2122-2148. NCDEX
WEATHER CONDITION IS STABLE NOW CLOUDY AND RAINY
BE ALERT IN AGRO TODAY