Commodity Outlook for Chana by KediaCommodity
Chana ended higher on physical demand, but improving acreage limited the upside. The demand has increased this week as marriage season is on. Chana prices fell by 16 rupees to 2500 rupees in Delhi spot market. Chana gained Rs 16 and settled at Rs 2628 per quintal.
The volume was noted at 64230 lots. Support for chana is at 2602 below that could see a test of 2577. Resistance is now seen at 2643 above that could see a resistance of 2659.
Trading Ideas:
CHANA TRADING RANGE IS 2580-2670.
CHANA YESTERDAY ENDED HIGHER ON FIRM PHYSICAL DEMAND
BUY CHANA DEC ABV 2635 SL 2615 TGT 2656-2670-2688. NCDEX
SUPPORT FOR CHANA IS AT 2602 AND RESIST IS AT 2643.
IN DELHI PRICES FELL OVER BY 16 RUPEES TO 2500 RUPEES PER 100 KG