Chana ended lower on estimates of higher output and sufficient stocks. Hopes of higher output are weighing on sentiment. Demand is very marginal. In Delhi spot market, price gained 19 rupees to end 2,213 rupees per 100 kg. Chana dropped Rs 32 and settled at Rs 2212 per quintal. The volume was noted at 143680 lots. Support for chana is at 2192 below that could see a test of 2172. Resistance is now seen at 2247 above that could see a resistance of 2282.

Trading Ideas:

Chana trading range is 2172-2282.

Chana ended lower on estimates of higher output and sufficient stocks

Support for the chana is seen at 2192 and resistance is at 2247.

NCDEX accredited warehouses chana stocks rose by 741 tonnes to 36448 tonnes.

CHANA OVERALL ABV 2190 LOOK FIRM IMP RANGE IS 2190-2230. WAIT FOR FRESH ENTRY

In the Delhi spot market prices gained 19 rupees to end 2,213 rupees per 100 kg