Chana gained Rs 6 and settled at Rs 2542 per quintal on some short covering at the lower levels. However the arrival pressure of the new crop continued to pressurize market sentiments. Traders however expect the domestic demand to rise at these lower levels in the coming days. The total arrivals of chana were around 30 motors reported, down 10 motors from the last day. In Delhi spot market, chana fell down by -23.25 rupee to end at 2500 rupee per 100 kgs. The volume was noted at 53940 lots. Support for chana is at 2527 below that could see a test of 2511. Resistance is now seen at 2556 above that could see a resistance of 2569.

Trading Ideas:

Chana trading range is 2510-2568.

Chana gained slighly on some short covering at the lower levels

Chana is taking resistance at 2560 and support is seen at 2516

The total arrivals of chana were around 30 motors reported, down 10 motors from the last day.

In Delhi spot market, chana fell down by -23.25 rupee to end at 2500 rupee per 100 kgs.