Chana ended firm 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 0.50 rupee and settled at 2,134.70 rupees per 100 kg. Chana gained Rs 14 and settled at Rs 2179 per quintal. The volume was noted at 85900 lots. Support for chana is at 2161 below that could see a test of 2143. Resistance is now seen at 2198 above that could see a resistance of 2217.

Trading Ideas:

Chana trading range is 2143-2217.

Chana ended firm yesterday due to lower level buying

Support for the chana is seen at 2161 and resistance is at 2198.

NCDEX accredited warehouses chana stocks gained by 70 tonnes to 42016 tonnes.

BUY CHANA JUNE @ 2160-2170 SL 2150 TGT 2190-2205.NCDEX

In Delhi spot prices gained 0.50 rupee and settled at 2,134.70 rupees per 100 kg