Chana fell as weak spot demand amid rising arrivals, and a likely rise in production on higher acreage, depressed sentiment. India's chana acreage as on Jan. 14 stood at 8.6 million hectares, compared with 8.17 million hectares in the same period a year ago. In the Delhi spot market, the price eased by 6 rupees to 2,386 rupees per 100 kg.

Chana dropped Rs 38 and settled at Rs 2412 per quintal. The volume was noted at 83330 lots. Support for chana is at 2392 below that could see a test of 2372. Resistance is now seen at 2444 above that could see a resistance of 2476.

Trading Ideas:

Chana trading range is 2360-2455.

Chana yesterday ended down on weak spot demand and rising arrivals

Chana acreage as on Jan. 14 stood at 8.6 million hectares, compared with 8.17 million

Now support for the chana is at 2392 and resistance is at 2428.

Spot Chana prices eased by 6 rupees to 2,386 rupees per 100 kg

TODAY PULL BACK: BUY CHANA FEB @ 2380-2395 SL 2356 TGT 2415-2438-2455.NCDEX