AHMEDABAD (Commodity Online): Guar seed December contract opened at 5300 per quintal, higher by Rs 45 on NCDEX today. It gained till 5360 during trading session.
“Strength in Guar is now turning weak at upside. Guar seed Prices are expected to tumble in short run on profit booking. December contract is expected to trade till 4800 if profit booking takes place. Guar is expected to trade in range of 3800 - 4200 in long run,” said Anil Patadia, commodity analyst with Commodity Online.
Guar gum has still space of 300 points at upside. Sellers are advised to keep an eye on Guar.
“Intraday traders can trade in range of 5200 - 5370, while long term investors should wait for fresh entry,” Patadia added.
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