AHMEDABAD (Commodity Online): Spot price of Guar seed decreased by 22 Rs per quintal and price of Guar gum increased by 105 Rs per quintal today. Guar seed January contract traded in thin range of 7301 – 7428 a quintal on NCDEX today.
“In intraday trading hours, Guar seed is expected to gain by 2% today, while Guar gum can also gain by 1.5% if sentiments supports,” said commodity analyst with Commodity Online.
Guar gum has still space of 600 points at upside. Positional Sellers are advised to keep an eye on Guar.
“Traders are advised to trade with buying position with SL of 7230 for Target of 7450 in Guar seed,” analyst added.
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