Chana dropped Rs 19 and settled at Rs 2252 per quintal tracking weakness in kharif pulses due to estimates of higher production. Fresh arrivals also weighed on sentiment. Expectations of good sowing of chana in the up-coming season due to sufficient soil moisture also added to the fall. In Delhi spot market, chana jump up by 13.9 rupee to end at 2313.9 rupee per 100 kgs. The volume was noted at 78640 lots. Support for chana is at 2239 below that could see a test of 2225. Resistance is now seen at 2272 above that could see a resistance of 2291.

Trading Ideas:

Chana trading range is 2225-2291.

Chana settled weak tracking weakness in kharif pulses and fresh arrivals

Chana is taking resistance at 2272 and support is seen at 2239.

NCDEX accredited warehouses chana stocks fell 554 tonnes to 44362 tonnes.

In Delhi spot market, chana jump up by 13.9 rupee to end at 2313.9 rupee per 100 kgs.