Chana gained Rs 37 and settled at Rs 2749 per quintal supported by firm trend in local mandis amidst moderate trading activities. The prices are getting good support from low arrivals however absence of demand may prevent the rates from moving up significantly in the coming days. The total arrivals of around 20 motors were reported, down 15 motors from the last day. In Delhi spot market, chana jump up by 13.45 rupee to end at 2677.2 rupee per 100 kgs. The volume was noted at 100220 lots. Support for chana is at 2722 below that could see a test of 2694. Resistance is now seen at 2765 above that could see a resistance of 2780.

Trading Ideas:

Chana trading range is 2693-2779.

Chana gained supported by firm trend in local mandis

Chana is taking resistance at 2765 and support is seen at 2722.

NCDEX accredited warehouses chana stocks rose by 838 tonnes 19136 tonnes.

In Delhi spot market, chana jump up by 13.45 rupee to end at 2677.2 rupee per 100 kgs.