Chana dropped Rs 11 and settled at Rs 2205 per quintal on estimates of higher output of summer-sown pulses, sufficient stocks and hopes good rainfall will help chana sowing in the upcoming season. Selling pressure is seen in spot as traders are trying to clear off stocks on hopes of further decline in prices. As on Sept. 9 area under kharif pulses stood at 11 million hectares, compared to 9.05 million hectares a year ago. In Delhi spot market, chana fell down by -13.25 rupee to end at 2225 rupee per 100 kgs.

The volume was noted at 78400 lots. Support for chana is at 2196 below that could see a test of 2187. Resistance is now seen at 2217 above that could see a resistance of 2229. Trading Ideas: Chana trading range is 2187-2229.

Chana ended lower on estimates of higher output of summer-sown pulses

Support for the chana is seen at 2196 and resistance is at 2217.

NCDEX accredited warehouses chana stocks rose 1715 tonnes to 45702 tonnes.

In Delhi spot market, chana fell down by -13.25 rupee to end at 2225 rupee per 100 kgs.