Chana dropped Rs 21 and settled at Rs 2166 per quintal as hopes of higher output and sufficient stocks weighed on sentiment. Stockists and millers have become passive at these levels. They were buying actively from last few days. In the Delhi spot market, chana dropped 25 rupees to 2,125 rupees per 100 kg. The volume was noted at 63310 lots. Support for chana is at 2155 below that could see a test of 2143. Resistance is now seen at 2181 above that could see a resistance of 2195.

Trading Ideas:

Chana trading range is 2143-2195.

Chana dropped as hopes of higher output and sufficient stocks weighed on sentiment

Support for the chana is seen at 2155 and resistance is at 2181.

Yesterday we have seen that open interest fell by 2170 and volume by 21940

In Delhi spot prices dropped 25 rupees and settled at 2,125 rupees per 100 kg

BUY CHANA JUNE ABV 2170 SL 2152 TGT 2200.NCDEX