Chana dropped Rs 38 and settled at Rs 2165 per quintal on mounting stocks, higher area under kharif pulses and fresh arrivals of moong. Chana sowing is expected to be higher because soil has sufficient moisture. Acreage under kharif pulses have also increased.In Delhi spot market, chana fell down by -20.05 rupee to end at 2222.1 rupee per 100 kgs.

The volume was noted at 136200 lots. Support for chana is at 2143 below that could see a test of 2120. Resistance is now seen at 2200 above that could see a resistance of 2234.

Trading Ideas:

Chana trading range is 2120-2234.

Chana ended lower on mounting stocks and weak spot demand

Support for the chana is seen at 2143 and resistance is at 2200.

NCDEX accredited warehouses chana stocks fell 19 tonnes to 47467 tonnes.

In Delhi spot market, chana fell down by -20.05 rupee to end at 2222.1 rupee per 100 kgs.