Chana dropped Rs 22 and settled at Rs 2286 per quintal on a decline in spot demand, higher area under kharif pulses and favorable weather conditions which raised hopes of better output. Fresh arrivals of moong have started at the spot markets of Karnataka and Andhra Pradesh. Pulses market may trade under pressure on estimates of higher production. In Delhi spot market, chana fell down by -16 rupee to end at 2263.15 rupee per 100 kgs. The volume was noted at 125140 lots. Support for chana is at 2269 below that could see a test of 2251. Resistance is now seen at 2306 above that could see a resistance of 2325.

Trading Ideas:

Chana trading range is 2252-2326.

Chana ended lower due to decline in spot demand

Support for the chana is seen at 2269 and resistance is at 2306.

NCDEX accredited warehouses chana stocks rose 87 tonnes to 47061 tonnes.

In Delhi spot market, chana fell down by -16 rupee to end at 2263.15 rupee per 100 kgs.