Commodity Outlook for Gold by KediaCommodity

Commodity Outlook for Gold by KediaCommodityChana gained Rs 61 and settled at Rs 2408 per quintal as good demand from millers amid poor supplies and concerns weak rainfall over kharif pulses growing areas may hamper sowing, aided sentiment. In the spot, demand is good from millers and prices may continue to move up.

In Delhi spot market, chana moved up 9 rupees to end at 2,284 rupees per 100 kg. The volume was noted at 250640 lots. Support for chana is at 2361 below that could see a test of 2314. Resistance is now seen at
2435 above that could see a resistance of 2462.

Trading Ideas: Chana trading range is 2314-2462. Chana ended higher on good demand from millers amid poor supplies Support for the chana is seen at 2382 and resistance is at 2435. NCDEX accredited warehouses chana stocks rose by 563 tonnes to 59065 tonnes. BUY CHANA AUG @ 2380-2390 SL 2360 TGT 2415-2430.NCDEX In Delhi spot prices gained 9 rupees and settled at 2,284 rupees per 100 kg