Chana erased early gains to end lower as a rise in acreage and arrivals from the new crop in the physical market depressed sentiment. Bargain-hunting driven by firm kharif pulses and improved spot demand limited the downside. In the Delhi spot market, the price ended steady at 2,375 rupees. Chana dropped Rs 45 and settled at Rs 2328 per quintal. The volume was noted at 42310 lots. Support for chana is at 2309 below that could see a test of 2291. Resistance is now seen at 2363 above that could see a resistance of 2399.

Trading Ideas:

Chana trading range is 2280-2380

Chana ended down due to rise in acreage and arrivals from the new crop

Chana is getting support at 2309 and resistance at 2346.

Spot Chana prices settled steady at 2375 rupees per 100 kg

SELL CHANA JAN @ 2335-2340 SL 2360 TGT 2322-2305-2290.NCDEX