Guar prices the intraday are expected to remain firm owing to lower supply.
Prices in the long term (April onwards) are expected to take cues from the First Long Range Forecast (LRF) on monsoon which will be released in April and farmer’s sentiments regarding sowing of the Guar crop this season.
Guar acreage in the next season is expected to increase sharply at the cost of Pulses in Rajasthan as farmers fetched good returns
Guar Seed Mar Futures R s ./qtl support:13750-13900 resistance:14250-14355
Guar Gum Mar Futures R s . /qtl support:44800-45150 resistance:45900-46200
Looking for Trading Advisories? Visit tips.commodityonline.com