Chana gained Rs 36 and settled at Rs 2455 per quintal on the back of good domestic demand, even though there are higher production estimates for pulses and higher sowing area expected for chana, Traders are of the view that the increased arrivals will keep a check on the rising prices. Sowing is progressing well. Output is expected higher and this is weighing on sentiment. In Delhi mandi the total arrivals of chana were 25 trucks. In Delhi spot market, chana jump up by 10.25 rupee to end at 2436.1 rupee per 100 kgs. The volume was noted at 77860 lots. Support for chana is at 2423 below that could see a test of 2392. Resistance is now seen at 2475 above that could see a resistance of 2496.

Trading Ideas:

Chana trading range is 2392-2496.

Chana settled positive on good domestic demand

Chana is taking resistance at 2475 and support is seen at 2423.

NCDEX accredited warehouses chana stocks fell 30 tonnes to 27811 tonnes.

In Delhi spot market, chana jump up by 10.25 rupee to end at 2436.1 rupee per 100 kgs.