On Friday, guar seed prices increased by Rs 13, reaching Rs 6,142 per quintal in futures trade, driven by heightened investor speculation. On the National Commodity and Derivatives Exchange, guar seed contracts for July delivery increased by Rs 13, or 0.21 per cent, reaching Rs 6,142 per quintal, with an open interest of 63,295 lots. Read More
On Friday, guar seed prices increased by Rs 104, reaching Rs 5,998 per quintal in futures trading, driven by heightened investor speculation. On the National Commodity and Derivatives Exchange, guar seed contracts for June delivery increased by Rs 104, or 1.76 per cent, to Rs 5,998 per quintal, accompanied by an open interest of 48,135 Read More
On Tuesday, guar seed prices experienced a decline of Rs 4, settling at Rs 5,952 per quintal in futures trade, attributed to ample supplies in the market. On the National Commodity and Derivatives Exchange, guar seed contracts for June delivery decreased by Rs 4, representing a decline of 0.07 per cent, settling at Rs 5,952 Read More
On Wednesday, the prices of guar seeds climbed by fifty rupees, hitting five thousand seven hundred rupees per quintal in futures trading. This increase was driven by increased investor speculation. Guar seed contracts for delivery in June reached Rs 5,770 per quintal on the National Commodity and Derivatives Exchange, which was accompanied by an open Read More
The market is experiencing a period of short-term uncertainty, which is reflected in the shifting prices that are occurring around the 50-hour moving average. The position of the current support is approximately between Rs 5,580 and Rs 5,600, which is in line with the most recent basic levels. Retracement level corresponds to the observed resistance, Read More
At these lower levels, the recovery in pricing from the 200-hour moving average indicates that there is a significant demand for the product. The fifty-hour moving average is currently situated around approximately Rs 5,753, which acts as a key hurdle in the near term’s context. There has been a slow but steady improvement in the Read More
The current price is trading below both the 50-day and the 200-day moving averages, signaling that a negative trend is currently prevailing in the market. This positioning reflects sustained weakness and indicates that prices remain under pressure in the broader technical structure. The MACD indicator is displaying a bearish crossover, reinforcing the view that the Read More
