Chana gained Rs 12 and settled at Rs 2305 per quintal on inquiries from millers in spot and hopes demand will get a boost in the festive season. Some enquiries from dal mills also influenced the chana prices. In Delhi spot market, chana inched up 3.25 rupees to end at 2,259.45 rupees per 100 kg. As on August 12, area under kharif pulses stood at 10.321 million hectares, compared to 8.6 million hectares a year ago. The volume was noted at 76320 lots. Support for chana is at 2294 below that could see a test of 2284. Resistance is now seen at 2316 above that could see a resistance of 2328.

Trading Ideas:

Chana trading range is 2284-2328.

Chana ended positive on inquiries from millers in spot

Support for the chana is seen at 2294 and resistance is at 2316.

NCDEX accredited warehouses chana stocks inched down by a tonne to 46776 tonnes.

In Delhi spot prices gained 3.25 rupees and settled at 2,259.45 rupees per 100 kg