Chana ended down on Saturday on profit-taking, but firm kharif pulses and improved spot demand due to concerns of lower acreage limited losses. Chana acreage in Rajasthan as on Nov. 10 stood at 403,000 hectares compared to 726,000 hectares during the same period a year ago. In the Delhi spot market, the price fell by 45 rupees to 2484.70 rupees per 100 kg. Chana dropped Rs 35 and settled at Rs 2617 per quintal. The volume was noted at 100910 lots. Support for chana is at 2596 below that could see a test of 2576. Resistance is now seen at 2644 above that could see a resistance of 2672.

Trading Ideas:

CHANA TRADING RANGE IS 2560-2670.

CHANA ENDED DOWN ON SATURDAY ON EXTENDED PROFIT-TAKING

BUY CHANA DEC ON DIP @ 2580-2590 SL 2560 TGT 2612-2634-2656.NCDEX

NOW RES IS AT 2632 ABV THIS A RALLY TILL 2645-2660 CAN BE SEEN.

IN DELHI PRICES FELL OVER BY 45 RUPEES TO 2484.70 RUPEES PER 100 KG

CHANA ACREAGE IN RAJASTHAN STOOD AT 403,000 HECTARES