Chana gained Rs 32 and settled at Rs 2417 per quintal on higher government intervention prices and domestic demand due to festivals and the upcoming wedding season. India raised the minimum support price of chana by
19.3 percent to 2,100 rupees per 100 kg. Support price increase will lead to a rally in prices in the short-term. In Delhi spot market, chana jump up by 26 rupee to end at 2376 rupee per 100 kgs. The volume was noted at 141910 lots. Support for chana is at 2393 below that could see a test of 2368. Resistance is now seen at 2433 above that could see a resistance of 2448.

Trading Ideas:

Chana trading range is 2368-2448.

Chana settled higher on higher government intervention prices and domestic demand

Chana is taking resistance at 2433 and support is seen at 2393.

NCDEX accredited warehouses chana stocks fell by a tonne to 35279 tonnes.

In Delhi spot market, chana jump up by 37.6 rupee to end at 2387.6 rupee per 100 kgs.