Chana hit fresh contract lows on pressure from arrivals, estimates of higher production and sufficient stocks. In Delhi spot market, chana edged up 11 rupees at 2,150 rupees per 100 kg. India's monsoon rainfall is likely to be 98 percent of the long-term average. Chana dropped Rs 9 and settled at Rs 2242 per quintal. The volume was noted at 45090 lots. Support for chana is at 2225 below that could see a test of 2209. Resistance is now seen at 2258 above that could see a resistance of 2275.

Trading Ideas:

Chana trading range is 2209-2275.

Chana hit fresh contract lows on pressure from arrivals and sufficient stocks.

Support for the chana is seen at 2225 and resistance is at 2258.

NCDEX accredited warehouses chana stocks rose by 1911 tonnes to 39124 tonnes.

SELL CHANA JUNE @ 2260-2270 SL 2284 TGT 2248-2225.NCDEX

In the Delhi spot market prices gained 11 rupees at 2,150 rupees per 100 kg