Commodity Outlook for Chana by KediaCommodity

ChanaChana ended down on estimates of higher output and ample stocks. Demand from dal millers should start picking up ahead of the wedding season. In Delhi spot market, chana gained 8 rupees to end at 2,143 rupees per 100 kg. Chana dropped Rs 5 and settled at Rs 2174 per quintal. The volume was noted at 48960 lots. Support for chana is at 2164 below that could see a test of 2155. Resistance is now seen at 2185 above that could see a resistance of 2197.

Chana trading range is 2155-2197.

Chana ended down on estimates of higher output and ample stocks

Support for the chana is seen at 2164 and resistance is at 2185.

NCDEX accredited warehouses chana stocks gained by 2290 tonnes to 44396 tonnes.

SELL CHANA JUNE BELOW 2170 SL 2195 TGT 2156-2140.NCDEX

In Delhi spot prices gained 8 rupees and settled at 2,142 rupees per 100 kg