Chana dropped Rs 45 and settled at Rs 2540 per quintal triggered by sturdy arrivals of new crop in major producing states along with restricted buying by traders and millers at higher levels. Fresh arrivals have gained momentum in major mandies of states such as Maharashtra and Madhya Pradesh. The fresh arrivals of Indore and Ashok nagar mandi of Madhya Pradesh were reported in the range of 3000-5000 bags daily. In Delhi spot market, chana fell down by -25 rupee to end at 2600 rupee per 100 kgs. The volume was noted at 74380 lots. Support for chana is at 2512 below that could see a test of 2483. Resistance is now seen at 2580 above that could see a resistance of 2619.

Trading Ideas:

Chana trading range is 2485-2621.

Chana dropped triggered by sturdy arrivals of new crop in major producing states

Chana is taking resistance at 2568 and support is seen at 2515

NCDEX accredited warehouses chana stocks fell by 180 tonnes 22199 tonnes.

In Delhi spot market, chana fell down by -25 rupee to end at 2600 rupee per 100 kgs.