Chana gained Rs 2 and settled at Rs 2293 per quintal as higher area under kharif pulses and rains offset lower-level buying ahead of the festive season beginning from August and extending till October. Ramadan demand is likely to support chana prices. Demand for chana dal and flour picks up during the festive season. In the Delhi spot market, chana edged up 2.5 rupees to end at 2,252.50 rupees per 100 kg. The volume was noted at 83680 lots. Support for chana is at 2279 below that could see a test of 2264. Resistance is now seen at 2312 above that could see a resistance of 2330.

Trading Ideas:

Chana trading range is 2264-2330.

Chana ended steady as higher area under kharif pulses and rains offset lower-level buying

Support for the chana is seen at 2279 and resistance is at 2312.

NCDEX accredited warehouses chana stocks remained at 46686 tonnes.

In Delhi spot prices gained 2.50 rupees and settled at 2,252.50 rupees per 100 kg