Chana ended a tad up on buying interest at lower levels after prices fell more than 4 percent in the last 6 sessions. Estimates of higher output are weighing on prices but traders are interested in buying at every dip. Demand may improve as this is the wedding season. In Delhi spot market, price dipped 13 rupees to end at 2,200 rupees per 100 kg. Chana gained Rs 1 and settled at Rs 2212 per quintal. The volume was noted at 116380 lots. Support for chana is at 2197 below that could see a test of 2182. Resistance is now seen at 2225 above that could see a resistance of 2238.

Trading Ideas:

Chana trading range is 2182-2238.

Chana ended up on buying interest at lower levels

Support for the chana is seen at 2197 and resistance is at 2225.

NCDEX accredited warehouses chana stocks fell by 62 tonnes to 36386 tonnes.

CHANA TO TRADE IN THE RANGE OF 2180-2230 CONSOLIDATION CAN BE SEEN.

In the Delhi spot market prices dipped 13 rupees to end at 2,200 rupees per 100 kg