Chana ended more than 1 percent up on bargain-buying driven by firmness in kharif pulses, offsetting fresh arrivals, higher acreage and ample carry-forward stocks. Fresh arrivals in the Gulbarga market have increased to 2,000 bags (100 kgs each). Supplies are likely to increase in coming days. In the Delhi spot market, the price edged up 4 rupees to 2,379 rupees. Chana gained Rs 41 and settled at Rs 2381 per quintal. The volume was noted at 35520 lots. Support for chana is at 2343 below that could see a test of 2304. Resistance is now seen at 2401 above that could see a resistance of 2420.

Trading Ideas:

Chana trading range is 2340-2425

Chana ended up on bargain-buying driven by firmness in kharif pulses

Now support for the chana is at 2366 and resistance is at 2401.

Spot Chana prices edged up 4 rupees to 2,379 rupees per 100 kg

BUY CHANA JAN @ 2380-2390 SL 2360 TGT 2408-2425-2440.NCDEX