Chana ended lower weighed by rising arrivals, ample carry forward stocks and hopes of higher output due to expanded acreage. In the Delhi spot market, price inched down 1 rupee to 2,270 rupees per 100 kg. Chana dropped Rs 19 and settled at Rs 2299 per quintal. The volume was noted at 55770 lots. Support for chana is at 2289 below that could see a test of 2279. Resistance is now seen at 2317 above that could see a resistance of 2335.

Trading Ideas:

Chana trading range is -1550-3100.

Chana ended lower weighed by rising arrivals and ample carry forward stocks

NCDEX warehouse stocks seen at 28037 tonnes as on 8 Feb.

In the Delhi spot market, price inched down 1 rupee to 2,270 rupees per 100 kg.

SELL CHANA MAR @ 2310 SL 2334 TGT 2292-2275-2260.NCDEX

Support for chana is at 2289 and resistance is now seen at 2317 above that could see a resistance of 2335.