Chana gained Rs 13 and settled at Rs 2262 per quintal on buying interest at lower levels supported by a decline in daily arrivals in the spot market. Demand for chana dal usually picks up in the rainy season. In Delhi spot market, chana fell 8 rupees to end at 2,200 rupees per 100 kg. The volume was noted at 97740 lots. Support for chana is at 2235 below that could see a test of 2209. Resistance is now seen at 2275 above that could see a resistance of 2289.

Trading Ideas:

Chana trading range is 2209-2289.

Chana ended firm on buying interest at lower levels supported by decline in daily arrivals

Support for the chana is seen at 2235 and resistance is at 2275.

NCDEX accredited warehouses chana stocks rose 426 tonnes to 54034 tonnes.

SELL CHANA JULY @ 2270 SL 2292 TGT 2256-2230.NCDEX

In Delhi spot prices fell 8 rupees and settled at 2,200 rupees per 100 kg