Chana gained Rs 9 and settled at Rs 2286 per quintal on inquiries from millers in the spot and hopes demand will get a boost in the festive season between August and October. In Delhi spot market, chana jump up by 6.7 rupee to end at 2264.3 rupee per 100 kgs. According to the fourth advance estimates, the production of chana in 2009/10 is likely to be 7.35 million tonnes against 7.06 million tonnes last year, official data showed. The volume was noted at 55490 lots. Support for chana is at 2274 below that could see a test of 2261. Resistance is now seen at 2294 above that could see a resistance of 2301.

Trading Ideas:

Chana trading range is 2261-2301.

Chana ended positive on inquiries from millers in the spot

Support for the chana is seen at 2274 and resistance is at 2294.

NCDEX accredited warehouses chana stocks rose 214 tonnes to 47287 tonnes.

In Delhi spot market, chana jump up by 6.7 rupee to end at 2264.3 rupee per 100 kgs.