Chana ended weak weighed by rising arrivals from Madhya Pradesh and Rajasthan, sluggish demand and on estimates of higher output. Prices may be supported by a decision by the Rajasthan state government to increase the stock limit of chana to ensure better prices for farmers. In the Delhi spot market, chana dipped 40 rupees to 2,177 rupees per 100 kg. Chana gained Rs 10 and settled at Rs 2298 per quintal. The volume was noted at 94070 lots. Support for chana is at 2276 below that could see a test of 2254. Resistance is now seen at 2309 above that could see a resistance of 2320.

Trading Ideas:

Chana trading range is 2254-2320.

Chana ended weak weighed by rising arrivals and sluggish demand

Support for the chana is seen at 2276 and resistance is at 2309.

NCDEX accredited warehouses chana stocks inched down by 1 ton to 24919 tonnes.

In the Delhi spot market prices dropped 40 rupees to end 2,177 rupees per 100 kg

BUY CHANA MAY ABV 2300 SL 2276 TGT 2322-2345. NCDEX