Chana dropped Rs 47 and settled at Rs 2212 per quintal as market fretted about estimates of higher production of summer-sown pulses, ample stocks and on hopes good rainfall will help chana sowing in the up-coming season. Good rains so far have brightened prospects of higher sowing of rabi crops in the country due to sufficient moisture in the soil. In Delhi spot market, chana fell down by -11.75 rupee to end at 2238.25 rupee per 100 kgs. The volume was noted at 79980 lots. Support for chana is at 2196 below that could see a test of 2180. Resistance is now seen at 2244 above that could see a resistance of 2276.

Trading Ideas:

Chana trading range is 2180-2276.

Chana ended lower on higher estimates of higher production of summer-sown pulsess

Support for the chana is seen at 2196 and resistance is at 2244.

NCDEX accredited warehouses chana stocks rose 497 tonnes to 43987 tonnes.

In Delhi spot market, chana fell down by -11.75 rupee to end at 2238.25 rupee per 100 kgs.