Chana erased most of the early gains to end lower, tracking weakness in other agriculture commodities and as government data showed a rise in acreage. India's chana acreage as on Dec. 3 stood at 6.985 million hectares, compared with 6.639 million hectares the same period a year ago. In the Delhi spot market, the price rose by 24 rupees to 2,474 rupees per 100 kg.

Chana dropped Rs 6 and settled at Rs 2518 per quintal. The volume was noted at 33350 lots. Support for chana is at 2494 below that could see a test of 2471. Resistance is now seen at 2543 above that could see a resistance of 2569.

Trading Ideas:

CHANA TRADING RANGE IS 2460-2580.

CHANA YESTERDAY ERASED EARLY GAINS ON IMPROVED ACREAGE

WAIT FOR FRESH ENTRY AS MKT IS STUCK IN THE RANGE

HIGHER ACREAGE IS PUTTING PRESSURE ON CHANA.

SPOT CHANA PRICES ROSE BY 24 RUPEES TO 2,474 RUPEES PER 100 KG