Chana pared early gains on profit-taking at higher levels after trading firm on concerns of falling acreage. Chana acreage in Rajasthan as on Nov. 10 stood at 403,000 hectares, compared with 726,000 hectares during the same period a year ago.

In Delhi spot market price gained by 16 rupees and ended at 2488.75 rupees per 100 kg. Chana dropped Rs 3 and settled at Rs 2629 per quintal. The volume was noted at 73130 lots. Support for chana is at 2614 below that could see a test of 2600. Resistance is now seen at 2649 above that could see a resistance of 2670.

Trading Ideas:

CHANA TRADING RANGE IS 2570-2665.

CHANA PARED EARLY GAINS ON PROFIT-TAKING AT HIGHER LEVELS AFTER TRADING FIRM

BUY CHANA DEC ON DIP @ 2600-2615 SL 2588 TGT 2628-2648-2670.NCDEX

NOW RES IS AT 2648 ABV THIS A RALLY TILL 2660-2675 CAN BE SEEN.

IN DELHI PRICES GAINED OVER BY 16 RUPEES TO 2488.75 RUPEES PER 100 KG