Chana dropped Rs 58 and settled at Rs 2177 per quintal weighed by mounting stocks, higher acreage under kharif pulses and fresh arrivals of moong crop. Sufficient rainfall in the country has improved the prospects of chana sowing in the upcoming season. Moisture in the soil is good and may help sowing operations. In Delhi spot market, chana fell down by -19.5 rupee to end at 2250 rupee per 100 kgs. The volume was noted at 141220 lots. Support for chana is at 2158 below that could see a test of 2138. Resistance is now seen at 2214 above that could see a resistance of 2250.

Trading Ideas:

Chana trading range is 2139-2251.

Chana ended lower weighed by mounting stocks

Support for the chana is seen at 2158 and resistance is at 2214.

NCDEX accredited warehouses chana stocks fell 114 tonnes to 44569 tonnes.

In Delhi spot market, chana fell down by -19.5 rupee to end at 2250 rupee per 100 kgs.