Chana ended higher day on bargain-hunting driven by firmness in other pulses, but expanded area under the pulse limited the upside. Acreage data is surprising the market. Market was expecting a drop in the area this year, but government figures are showing a sharp rise. In the Delhi spot market, the price nudged up by a rupee to 2,384 rupees. Chana gained Rs 18 and settled at Rs 2431 per quintal. The volume was noted at 37200 lots. Support for chana is at 2410 below that could see a test of 2389. Resistance is now seen at 2442 above that could see a resistance of 2453.

Trading Ideas:

Chana trading range is 2380-2480.

Chana ended higher day on bargain-hunting driven by firmness in other pulses

Chana is getting support at 2410 and resistance at 2442.

Spot Chana prices gained by a rupee to settled 2384.35 rupees per 100 kg

SELL CHANA JAN @ 2450-2455 SL 2476 TGT 2426-2408-2390.NCDEX