Chana ended higher on some buying interest at lower levels supported by some demand in spot market for chana dal. The contango in chana prices will not allow chana prices to go up too much. In Delhi spot market, price gained 27 rupees to end 2,204 rupees per 100 kg. Chana gained Rs 19 and settled at Rs 2307 per quintal. The volume was noted at 134510 lots. Support for chana is at 2282 below that could see a test of 2257. Resistance is now seen at 2325 above that could see a resistance of 2343.

Trading Ideas:

Chana trading range is 2257-2343.

Chana ended higher on some buying interest at lower levels

Support for the chana is seen at 2282 and resistance is at 2325.

NCDEX accredited warehouses chana stocks rose by 2529 tonnes to 27448 tonnes.

In the Delhi spot market prices rose 27 rupees to end 2,204 rupees per 100 kg

SELL CHANA MAY ON JUMP @ 2325 SL 2342 TGT 2305-2282-2265.NCDEX