Chana gained Rs 7 and settled at Rs 2619 per quintal on continued bargain hunting after the pulse lost 5 percent from the contract high struck on Jan. 22, though hopes of rising arrivals in the peak season kept the upside limited. The total daily arrivals were hovering at higher levels of around 30 motors. Traders are anticipating strong arrivals in the coming days due to fresh supplies from Madhya Pradesh and Rajasthan in the near term. In Delhi spot market, chana fell down by -22.05 rupee to end at 2615 rupee per 100 kgs. The volume was noted at 113820 lots. Support for chana is at 2588 below that could see a test of 2556. Resistance is now seen at 2638 above that could see a resistance of 2656.

Trading Ideas:

Chana trading range is 2557-2657.

Chana gained yesterday on continued bargain hunting

Chana is taking resistance at 2638 and support is seen at 2588.

The total daily arrivals were hovering at higher levels of around 30 motors.

SELL CHANA FEB BELOW 2600 SL 2622 TGT 2578-2556.NCDEX

In Delhi spot market, chana fell down by -22.05 rupee to end at 2615 rupee per 100 kgs.