Chana hit fresh contract lows weighed by estimates of higher output. Demand of chana dal is not picking up in spot. Prices may come down further as buyers are not willing to buy at these levels. In Delhi spot market, chana ended flat at 2,125 rupees per 100 kg. Chana dropped Rs 45 and settled at Rs 2150 per quintal. The volume was noted at 106030 lots. Support for chana is at 2130 below that could see a test of 2110. Resistance is now seen at 2185 above that could see a resistance of 2220.

Trading Ideas:

Chana trading range is 2124-2234.

Chana hit fresh contract lows weighed by estimates of higher output

Support for the chana is seen at 2130 and resistance is at 2185.

NCDEX accredited warehouses chana stocks gained by 55 tonnes to 39523 tonnes.

SELL CHANA JUNE ON JUMP @ 2170 SL 2192 TGT 2156-2140.NCDEX

In the Delhi spot market prices settled steady at 2,125 rupees per 100 kg