Chana wiped out previous session losses to end higher on bargain buying but estimates of higher output weighed. Demand may improve in the wedding season.  Season is coming to an end and arrivals will decline in the coming days. In Delhi spot market, chana fell 18 rupees to end at 2,107 rupees per 100 kg. Chana gained Rs 16 and settled at Rs 2167 per quintal. The volume was noted at 74720 lots. Support for chana is at 2150 below that could see a test of 2134. Resistance is now seen at 2178 above that could see a resistance of 2190.

Trading Ideas:

Chana trading range is 2133-2189.

Chana wiped out previous sessions losses to end higher on bargain buying

Support for the chana is seen at 2150 and resistance is at 2178.

NCDEX accredited warehouses chana stocks gained by 1277 tonnes to 40800 tonnes.

In Delhi spot prices dropped 18 rupees and settled at 2,107 rupees per 100 kg

SELL CHANA JUNE @ 2175 SL 2200 TGT 2156-2140.NCDEX