Chana shrugged off early gains to end lower on expanded area and fears of government curbs to check food inflation. Prices were up for most of the day on bargain hunting driven by firmness in other pulses and concerns over yield in a key producing state. In the Delhi spot market, the price rose 20 rupees to 2,458 rupees per 100 kg.

Chana dropped Rs 18 and settled at Rs 2453 per quintal. The volume was noted at 64440 lots. Support for chana is at 2437 below that could see a test of 2421. Resistance is now seen at 2484 above that could see a resistance of 2515.

Trading Ideas:

CHANA TRADING RANGE IS 2410-2500.

CHANA ENDED LOWER ON FEARS OF GOVERNMENT CURBS TO CHECK FOOD INFLATION

CHANA IS HAVING RESISTANCE OF 2468 AND SUPPORT OF 2437.

SPOT CHANA PRICES ROSE BY 20 RUPEES TO 2458 RUPEES PER 100 KG

SELL CHANA JAN @ 2480-2490 SL 2512 TGT 2464-2446-2428.NCDEX