Chana erased early gains to end slightly down as higher area and fears the government may intervene in the market to curb price rise offset bargain-buying and higher prices of kharif pulses. India's chana acreage as on Dec. 10 stood at 7.312 million hectares, compared with 7.107 million hectares the same period a year ago.

In the Delhi spot market price fell by 14 rupees to 2,436 rupees per 100 kg. Chana dropped Rs 2 and settled at Rs 2535 per quintal. The volume was noted at 110030 lots. Support for chana is at 2513 below that could see a test of 2490. Resistance is now seen at 2563 above that could see a resistance of 2590.

Trading Ideas:

CHANA TRADING RANGE IS 2480-2580.

CHANA ERASED EARLY GAINS TO END SLIGHTLY DOWN AS HIGHER AREA

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SUPPORT FOR CHANA IS AT 2513 AND RESIST IS AT 2548.

SPOT CHANA PRICES FELL BY 14 RUPEES TO 2,436 RUPEES PER 100 KG