Chana dropped Rs 37 and settled at Rs 2404 per quintal on higher output hopes. The commodity has witnessed gains despite the higher production estimates for pulses and higher sowing area expected for the Chana itself. In Delhi mandi the total arrivals of chana were around 40 motors. In Delhi spot market, chana fell down by -25 rupee to end at 2375 rupee per 100 kgs. The volume was noted at 59590 lots. Support for chana is at 2391 below that could see a test of 2379. Resistance is now seen at 2427 above that could see a resistance of 2451.

Trading Ideas:

Chana trading range is 2379-2451.

Chana settled weak Saturday on higher output hopes

Chana is taking resistance at 2427 and support is seen at 2390.

NCDEX accredited warehouses chana stocks dropped 10 tonnes to 27661 tonnes.

In Delhi spot market, chana fell down by -25 rupee to end at 2375 rupee per 100 kgs.