Chana dropped Rs 11 and settled at Rs 2269 per quintal on a slight drop in demand and as good rainfall over kharif pulses growing areas accelerated sowing. Rainfall has accelerated sowing of kharif pulses in major growing area. In the Delhi spot market, chana fell by 8 rupees to 2,192 rupees per 100 kg. The volume was noted at 45620 lots. Support for chana is at 2260 below that could see a test of 2252. Resistance is now seen at 2282 above that could see a resistance of 2296.

Trading Ideas:

Chana trading range is 2261-2305.

Chana ended down on a slight drop in demand

Support for the chana is seen at 2260 and resistance is at 2282.

NCDEX accredited warehouses chana stocks rose by 27 tonnes to 55756 tonnes.

SELL CHANA AUG @ 2285-2295 SL 2316 TGT 2265-2240.NCDEX

In Delhi spot prices fell 8 rupees and settled at 2,192 rupees per 100 kg