Chana dropped Rs 11 and settled at Rs 2292 per quintal as ample stocks and good rainfall over kharif pulses growing areas that led to sufficient moisture in the soil accelerated sowing. Rainfall in the past week has accelerated sowing of kharif pulses in our area. In Delhi spot market, chana gained 27 rupees to end at 2,199 rupees per 100 kg. The volume was noted at 132800 lots. Support for chana is at 2280 below that could see a test of 2267. Resistance is now seen at 2316 above that could see a resistance of 2339.

Trading Ideas:

Chana trading range is 2269-2341.

Chana ended weak as ample stocks and good rainfall accelerated sowing

Support for the chana is seen at 2280 and resistance is at 2316.

NCDEX accredited warehouses chana stocks rose by 489 tonnes to 56452 tonnes.

In Delhi spot prices gained 27 rupees and settled at 2,199 rupees per 100 kg