Chana gained Rs 12 and settled at Rs 2314 per quintal as lower-level buying supported by steady demand in the spot, but higher area under kharif pulses and rains weighed on sentiment. Demand is normal in spot at these levels but dwindles at higher prices. In Delhi spot market, chana ended almost steady at 2,258 rupees per 100 kg. The volume was noted at 45270 lots. Support for chana is at 2302 below that could see a test of 2289. Resistance is now seen at 2321 above that could see a resistance of 2327.

Trading Ideas:

Chana trading range is 2289-2327.

Chana ended firm as lower-level buying supported by steady demand in the spot

Support for the chana is seen at 2302 and resistance is at 2327.

NCDEX accredited warehouses chana stocks fell by 40 tonnes to 58297 tonnes.

In Delhi spot prices fell by a rupee and settled at 2,258 rupees per 100 kg