Chana erased early losses to end steady as firmness in kharif pulses and concerns over yields in Rajasthan offset weak spot demand, higher acreage and ample carry-forward stocks. There are some problems in Uttar Pradesh and Rajasthan, but market has so far discounted them. In the Delhi spot market, the price eased by 12 rupees to 2,438 rupees.

Chana dropped Rs 1 and settled at Rs 2480 per quintal. The volume was noted at 50020 lots. Support for chana is at 2462 below that could see a test of 2443. Resistance is now seen at 2494 above that could see a resistance of 2507.

Trading Ideas:

Chana trading range is 2430-2530.

Chana ended steady as weak spot demand were offset by firm kharif pulses

Chana is getting resistance at 2494 and support at 2462.

Spot Chana prices fell by 12 rupees to 2438 rupees per 100 kg

BUY CHANA JAN @ 2470-2480 SL 2456 TGT 2505-2522-2538.NCDEX