Chana gained Rs 9 and settled at Rs 2296 per quintal on improved spot demand, though good rainfall over kharif pulses growing areas capped the upside. At lower level demand is improving in physical market. In the Delhi spot market, chana rose by 13 rupees to 2,212 rupees per 100 kg. The volume was noted at 90140 lots. Support for chana is at 2287 below that could see a test of 2278. Resistance is now seen at 2308 above that could see a resistance of 2320.

Trading Ideas:

Chana trading range is 2278-2320.

Chana ended positive on improved spot demand

Support for the chana is seen at 2287 and resistance is at 2308.

NCDEX accredited warehouses chana stocks rose by 353 tonnes to 55686 tonnes.

SELL CHANA AUG @ 2310 SL 2332 TGT 2285-2270.NCDEX

In Delhi spot prices gained 13 rupees and settled at 2,211 rupees per 100 kg