Chana rose on bargain-buying driven by recovery in summer-sown pulses, though rising arrivals depressed prices in physical market. But prices are likely to edge lower on hopes of higher output due to an increase in acreage and ample carry-forward stocks. In Delhi spot market, price fell by 14 rupees to 2,136 rupees per 100 kg. Chana gained Rs 13 and settled at Rs 2107 per quintal. The volume was noted at 78700 lots. Support for chana is at 2083 below that could see a test of 2058. Resistance is now seen at 2133 above that could see a resistance of 2158.

Trading Ideas:

Chana trading range is 2058-2158.

Chana rose on bargain-buying driven by recovery in summer-sown pulses

Chana is getting support at 2083 and resistance is at 2133 level

NCDEX accredited warehouses chana stocks gained by 193 tonnes at 28010 tonnes.

A JUMP TOWARDS 2135 IS EXPECTED BEFORE A FALL TOWARDS 2090.

In the Delhi spot market fell by 14 rupees to 2,136 rupees per 100 kg