Chana gained Rs 8 and settled at Rs 2504 per quintal with spot markets remaining firm on the back of marriage season demand, medium term trend are expected to remain firm for the commodity despite higher production estimates for pulses and higher sowing area expected for chana. The total arrivals of chana in Delhi were 35 trucks. In Delhi spot market, chana jump up by 2.15 rupee to end at 2500 rupee per 100 kgs. The volume was noted at 80240 lots. Support for chana is at 2487 below that could see a test of 2470. Resistance is now seen at 2520 above that could see a resistance of 2536.

Trading Ideas:

Chana trading range is 2470-2536.

Chana ended positive tracking firmness in spot market

Chana is taking resistance at 2520 and support is seen at 2487.

NCDEX accredited warehouses chana stocks fell 90 tonnes to 27721 tonnes.

In Delhi spot market, chana jump up by 2.15 rupee to end at 2500 rupee per 100 kgs.