Chana gained Rs 35 and settled at Rs 2638 per quintal on the back of weak arrivals, expected delay in arrivals of the new crop is likely to keep trend firm in the medium term though traders expect some profit booking may erupt at higher levels.

Imports from Australia are expected to get affected due to estimates of lower crop there. The total arrivals of chana around 25motors reported, unchanged from the last day. In Delhi spot market, chana jump up by 8.75 rupee to end at 2554 rupee per 100 kgs. The volume was noted at 109400 lots. Support for chana is at 2613 below that could see a test of 2587. Resistance is now seen at 2654 above that could see a resistance of 2669.

Trading Ideas:

Chana trading range is 2588-2670.

Chana yesterday gained on the back of weak arrivals.

Chana is taking resistance at 2654 and support is seen at 2613.

NCDEX accredited warehouses chana stocks rose 2776 tonnes to 15604 tonnes.

CHANA OVERRANNED WILL WAIT FOR FRESH ENTRY.

In Delhi spot market, chana jump up by 12.8 rupee to end at 2558.05 rupee per 100 kgs.