Chana dropped around a percent on profit booking on Saturday after having traded up with decent profit in the morning session. Higher acreage and good carry-forward stocks from last year's harvest also weighed on prices. India's chana acreage as on Dec. 17 stood at 7.7 million hectares, compared with 7.26 million hectares the same period a year ago.

Chana dropped Rs 21 and settled at Rs 2554 per quintal. The volume was noted at 65540 lots. Support for chana is at 2535 below that could see a test of 2517. Resistance is now seen at 2577 above that could see a resistance of 2601.

Trading Ideas:

CHANA TRADING RANGE IS 2510-2600.

CHANA DROPPED AROUND A PERCENT ON PROFIT BOOKING ON SATURDAY

SUPPORT FOR CHANA IS AT 2535 AND RESIST IS AT 2577

SPOT CHANA PRICES GAINED BY 21 RUPEES TO 2481.90 RUPEES PER 100 KG

BUY CHANA JAN ON DIP @ 2520-2535 SL 2500 TGT 2556-2572-2590.NCDEX