Chana hit fresh contract lows on rising arrivals, ample carry-forward stocks and hopes of higher output. Fresh arrivals have started almost at all centres. In the Delhi spot market, price slipped 37 rupees to 2,163 rupees per 100 kg. Chana dropped Rs 42 and settled at Rs 2118 per quintal. The volume was noted at 113970 lots. Support for chana is at 2090 below that could see a test of 2062. Resistance is now seen at 2154 above that could see a resistance of 2190.

Trading Ideas:

Chana trading range is 2062-2190.

Chana hit fresh contract lows on hopes of higher output

Fresh arrivals have started almost at all centres.

NCDEX accredited warehouses chana stocks fell by 62 tonnes to 28748 tonnes.

SELL CHANA MAR ON JUMP @ 2130-2140 SL 2168 TGT 2112-2098-2075.NCDEX (LOW QTY)