Chana yesterday ended weak suffering some profit booking after rising for last couple of days, also there are higher production estimates for pulses and higher sowing area expected for chana. Though, on international front production in Canada and Australia is expected to fall due to adverse conditions. In Delhi spot market, chana fell down by -0.2 rupee to end at 2443.75 rupee per 100 kgs. The volume was noted at 187800 lots. Support for chana is at 2470 below that could see a test of 2446. Resistance is now seen at 2539 above that could see a resistance of 2584.

Trading Ideas:

Chana trading range is 2446-2584.

Chana settled weak suffering some profit booking after rising for last couple of days

Chana is taking resistance at 2514 and support is seen at 2470.

Spread between Chana DEC & JAN contracts yesterday traded in the range of 32 to 37.

In Delhi spot market, chana fell down by -0.2 rupee to end at 2443.75 rupee per 100 kgs.