Chana ended steady as pressure from higher output estimates and ample stocks was offset by lower-level buying. Demand in spot market is good at lower levels. In Delhi spot market, chana gained 18 rupees to end at 2,125 rupees per 100 kg. Chana gained Rs 8 and settled at Rs 2173 per quintal. The volume was noted at 96790 lots. Support for chana is at 2151 below that could see a test of 2128. Resistance is now seen at 2191 above that could see a resistance of 2208.

Trading Ideas:

Chana trading range is 2128-2208.

Chana ended firm yesterday due to lower level buying

Support for the chana is seen at 2151 and resistance is at 2191.

NCDEX accredited warehouses chana stocks gained by 1024 tonnes to 41824 tonnes.

BUY CHANA JUNE @ 2165-2173 SL 2150 TGT 2190-2205.NCDEX

In Delhi spot prices gained 18 rupees and settled at 2,125 rupees per 100 kg