Guar seed June contract opened higher by Rs 8 on NCDEX today. Guar seed traded strong following Guar gum during trading session.
Prices are expected to remain strong on positive sentiments for short run. June contract is expected to take support near 3240.
“Guar is expected to remain bullish technically,” said Anil Patadia, commodity analyst with Commodity Online.
Guar gum June contract traded almost up by 1.6%. There is still space of 200 points at upside in Guar gum.
“Intraday traders can make buy position, while long term investors should wait for fresh entry,” Patadia added.