Commodity Outlook for Chana by KediaCommodity
Chana gained Rs 13 and settled at Rs 2278 per quintal on a slightly improved demand due to scarcity of vegetables, though higher output and rains over kharif pulses growing region capped the upside. In the Indore spot market, chana rose by 14 rupees to 2,119 rupees per 100 kg. The volume was noted at 77260 lots. Support for chana is at 2259 below that could see a test of 2241. Resistance is now seen at 2295 above that could see a resistance of
2313.
Trading Ideas:
Chana trading range is 2241-2313.
Chana ended positive on a slightly improved demand
Higher output and rains over kharif pulses growing region capped the upside
Support for the chana is seen at 2259 and resistance is at 2295.
SELL CHANA AUG ON JUMP @ 2305 SL 2326 TGT 2285-2260.NCDEX
In Delhi spot prices gained 2 rupees and settled at 2,176 rupees per 100 kg