Chana extended the previous session's losses tracking a drop in spot prices as new crop arrivals mounted. Arrivals were rising in all major trading centres in north India and will remain on the higher side this month. In the Delhi spot market price dropped by Rs 25 to Rs 2,275 per 100 kg. Chana dropped Rs 48 and settled at Rs 2266 per quintal.

The volume was noted at 105980 lots. Support for chana is at 2246 below that could see a test of 2225. Resistance is now seen at 2298 above that could see a resistance of 2329.

Trading Ideas:

Chana trading range is 2225-2329.

Chana extended the previous session's losses tracking a drop in spot prices

Support for the chana is seen at 2246 and resistance is at 2298.

NCDEX accredited warehouses chana stocks fell by 4455 tonnes to 22460 tonnes.

In the Delhi spot market prices fell by 25 rupees to end 2,275 rupees per 100 kg

SELL CHANA APR ON JUMP @ 2280 SL 2305 TGT 2260-2245.NCDEX