Chana gained Rs 2 and settled at Rs 2254 per quintal on a likely rise in spot demand in the on-going festival season, though estimates of higher kharif pulses output and fresh arrivals weighed. Domestic demand should recover in the festival season. Domestic demand is expected to get a boost due to the coming festivals and marriage season. In Delhi spot market, chana fell down by -3.9 rupee to end at 2310 rupee per 100 kgs. The volume was noted at 63840 lots. Support for chana is at 2242 below that could see a test of 2231. Resistance is now seen at 2270 above that could see a resistance of 2287.

Trading Ideas:

Chana trading range is 2231-2287.

Chana settled firm on a likely rise in spot demand

Chana is taking resistance at 2270 and support is seen at 2242.

NCDEX accredited warehouses chana stocks fell 433 tonnes to 43929 tonnes.

In Delhi spot market, chana fell down by -3.9 rupee to end at 2310 rupee per 100 kgs.