Chana gained Rs 2 and settled at Rs 2258 per quintal on good demand in physical market, though higher output and revival in monsoon rains put pressure on prices. Firmness in kharif pulses and poor rainfall in Madhya Pradesh are supporting chana. In the Delhi spot market, chana rose by 34 rupees to 2,234 rupees per 100 kg. The volume was noted at 86250 lots. Support for chana is at 2248 below that could see a test of 2238. Resistance is now seen at 2272 above that could see a resistance of 2286.

Trading Ideas:

Chana trading range is 2238-2286.

Chana ended firm on good demand in physical market

Support for the chana is seen at 2272 and resistance is at 2248.

NCDEX accredited warehouses chana stocks rose 30 tonnes to 54064 tonnes.

SELL CHANA JULY @ 2270 SL 2292 TGT 2256-2235.NCDEX

In Delhi spot prices gained 34 rupees and settled at 2,234 rupees per 100 kg