Chana dipped Rs -39 and settled at Rs 2273 per quintal that is more that 1 percent on rising arrivals, ample carry-forward stocks and hopes of higher output. The volume was noted at 76630 lots as demand is not picking up in physical market as traders are expecting further correction in the prices, the Delhi spot market, and price gained 11 rupees to 2,300 rupees per 100 kg. India's chana acreage as on Feb. 4 stood at 8.76 million hectares, compared with 8.3 million hectares in the same period a year ago. Support for chana is at 2256 below that could see a test of 2238. Resistance is now seen at 2306 above that could see a resistance of 2338.

Trading Ideas:

Chana trading range is -1547-3095.

Chana dipped more that 1 percent on rising arrivals, ample carry-forward stocks and hopes of higher output.

The volume was noted at 76630 lots as demand is not picking up in physical market.

In the Delhi spot market and price gained 11 rupees to 2,300 rupees per 100 kg.

SELL CHANA FEB @ 2290 SL 2324 TGT 2278-2260-2245.NCDEX

Support for chana is at 2256 and resistance is now seen at 2305 today market look to take support at 2232 level.