Chana ended lower on swelling arrivals in the physical market and on estimates of higher output. Arrivals have increased in the last 15 days and may rise further in the coming days. Millers are not active as they are expecting further fall in the prices. In Delhi spot market, price dropped 18 rupees to end 2,243 rupees per 100 kg. Chana dropped Rs 37 and settled at Rs 2236 per quintal. The volume was noted at 54230 lots. Support for chana is at 2218 below that could see a test of 2201. Resistance is now seen at 2269 above that could see a resistance of 2303.

Trading Ideas:

Chana trading range is 2201-2303.

Chana ended lower on swelling arrivals in the physical market

Support for the chana is seen at 2218 and resistance is at 2252.

NCDEX accredited warehouses chana stocks rose by 1242 tonnes to 24265 tonnes.

In the Delhi spot market prices fell by 18 rupees to end 2,243 rupees per 100 kg

SELL CHANA APR ON JUMP @ 2350-2360 SL 2378 TGT 2329-2305.NCDEX