Chana gained Rs 7 and settled at Rs 2168 per quintal on value buying driven by some inquiries for chana dal.  Delhi spot market, chana inched up 6 rupees to end at 2,100 rupees per 100 kg. Demand for chana dal and flour usually goes up during monsoon months as supply of vegetables drops in wet weather and also due to start of the festival season in August. The volume was noted at 39820 lots. Support for chana is at 2156 below that could see a test of 2143. Resistance is now seen at 2177 above that could see a resistance of 2185.

Trading Ideas:

Chana trading range is 2143-2185.

Chana ended firm on value buying driven by some inquiries for chana dal

Support for the chana is seen at 2156 and resistance is at 2177.

NCDEX accredited warehouses chana stocks jumped 562 tonnes to 45956 tonnes.

BUY CHANA JULY ABV 2170 SL 2156 TGT 2195-2215.NCDEX

In Delhi spot prices gained 6 rupees and settled at 2,100 rupees per 100 kg