RSI has formed a triple positive divergence supporting our bullish view in Guar Seed
Formation of lower highs and lower lows indicates a bearish view in Guar Seed
Positive divergence with an expectation of double bottom breakout and positive futures data indicate an upward movement. A long trade can be initiated
We expect Guarseed August contract to find immediate Support at Rs 3,450-3,500 per quintal mark.
With some corrections noted last week, a recovery in prices is not ruled out as the markets closed on a positive note during the end of the week.
On the National Commodity and Derivatives Exchange, guar seed for May contracts increased by Rs 4, or 0.11 percent, to Rs 3,666 per 10 quintal with an open interest of 1,725 lots.
On the National Commodity and Derivatives Exchange, guar seed contracts for May delivery fell by Rs 12, or 0.33 percent, to Rs 3,672 per 10 quintal with an open interest of 2,600 lots.
As per reports, India has exported more than 69% of Guar gum in the month of January as compared to same month of last year. Total export volume for January 20 ...
Guar Seed prices at Jodhpur spot market is in uptrend since the beginning of the February 2017. Prices have risen more than Rs. 200 per quintal. But as per tra ...
As per reports, Guar Seed production in Rajasthan for the year 2016-17 is expected to be around 14.25 lakh tons that is down by more than 27% than the last adv ...
As per second advance estimates released by Gujarat Government, guar seed production in 2016/17 is expected to be around 2.42 lakh tons as against expectation ...
Indian guar seed futures ended higher on concerns about the new season output as delayed rains are likely to hit yields in key producing states especially in R ...
Indian guar seed futures ended higher due to worries about production and on fresh export demand amid thin local supplies in the major spot markets. Guar seed ...
Indian Guar seed futures ended weak on the account of large stocks from the previous harvest, higher production in key growing areas and lower-than-expected ex ...
Indian Guar seed futures ended weak on the account of large stocks from the from the previous harvest, higher production in key growing areas and lower-than-ex ...
Indian guar seed futures could open up due to short-covering on expectations of an improvement in export demand for guar gum. Guar gum produced from guar has i ...
Indian guar seed futures ended up because of the short-covering on expectations that global stocks have fallen, though fundamentals in domestic markets continu ...
Guar seed received buying support towards the end of the day`s session though its fundamentals remained weak on expectations of higher output and large carry-f ...
Indian Guar seed futures ended up on the some value-buying, though expectation of higher production and large carry-forward stocks could keep prices under pres ...
Indian Guar seed futures ended up on the some value-buying, though expectation of higher production and large carry-forward stocks could keep prices under pres ...
Guar seed futures rose for a fourth straight day on demand from stockist and food sector, but could fall in next session as higher carry-forward stocks and inc ...
Indian guar seed futures fell for a fifth straight session on estimates of higher production and supplies from the new season harvest in key spot markets as we ...
Indian Guar seed futures fell as supplies from the new season crop started arriving amid sluggish demand and prospects of higher output. Guar seed output is ex ...
Indian guar seed futures fell on Monday as supplies from the new season crop hit the market amid sluggish local demand, while expectations of higher output als ...
Guar seed crop is in flowering and pod formation stages at some places whereas it has reached harvesting stage in other parts. Ongoing weather conditions may h ...