Guar seed futures recovered smartly from the early weakness and settled up around two per cent following heavy buying by traders and renewed interest among speculators. Now support for the guar is seen at 1672 and below could see a test of 1634. Resistance is now likely to be seen at 1731, a move above could see prices testing 1752.
Trading Ideas: TRADING RANGE IS 1635-1750.
SELL GUAR NOV BELOW 1688 SL 1712 TGT 1672-1664-1648. NCDEX
YESTERDAY SOME PULL BACK WAS SEEN AMID FOR SOME BUYING IN SPOT ONLY ABV 1724 LOOK TO HAVE
JUMP TILL 1745-1750 LEVEL
Courtesy: JRG Wealth Management
