Guar, Pulses And Grains Market Watch By Nirmal Bang Securities

Guar, Pulses And Grains Market Watch By Nirmal Bang Securities       Chana futures rose marginally in yesterday's trading session on account of bargain hunting and overall positive sentiment in commodities market. Guarseed futures moved up yesterday on bargain hunting.?

Chana arrivals were 7000-7500 bags today at Delhi market at Lawrence road, spot is expected to open at Rs. 2280-2285, almost at par at yesterday's closing spot price of Rs. 2284. The spread between Chana spot price (Delhi) and Yellow Peas spot price (Kanpur) has remained unchanged at levels of Rs520-540. ? Demand for chana on miller's end still remains subdued on account of ongoing Shradhs. A little revival in demand is expected after a week or so.

Deliveries for chana as on 14th sept stood at 28320 MT at NCDEX warehouse, out of which16280 MT stood on final delivery status as they won't be carry forward to next month. ? Guargum we have seen some improvement in demand in domestic market after steep correction which took place we may see some bargain hunting. ? Wheat prices witnessed mixed tone amid limited availability in the cash market and increase in arrivals in the mandis.

In Delhi market, arrivals remained steady and festive demand lent support to the market. There are limited stocks with the traders and festive demand is supporting the market

? Demand at Delhi market seems bleak on account of less arrivals we have seen some bargain hunting we expect prices to trade sideways to up for the day in Chana and Guar Complex.