Chana ended up Saturday on some buying interest at low levels supported by marginal enquiries for chana dal in the spot market. Though estimates of higher output and sufficient stocks restricted the upside. In Delhi spot market, chana prices gained 10 rupees to 2,210 per 100 kg. Chana gained Rs 19 and settled at Rs 2244 per quintal. The volume was noted at 82930 lots. Support for chana is at 2226 below that could see a test of 2208. Resistance is now seen at 2256 above that could see a resistance of 2268.

Trading Ideas:

Chana trading range is 2208-2268.

Chana ended up Saturday on some buying interest at low levels

Support for the chana is seen at 2226 and resistance is at 2256.

NCDEX accredited warehouses chana stocks fell by 352 tonnes to 36188 tonnes.

In the Delhi spot market prices gained 10 rupees to 2,210 rupees per 100 kg

BUY CHANA MAY @ 2220-2230 SL 2208 TGT 2252-2270.NCDEX