Chana erased early losses to end higher as bargain-hunting outweighed tepid demand in physical market amid fresh arrivals and a rise in acreage. In the Delhi spot market, the price fell by 25 rupees to 2,350 rupees. India's chana acreage as on Jan. 7 stood at 8.438 million hectares, compared with 8.1 million hectares the same period a year ago. Chana gained Rs 22 and settled at Rs 2354 per quintal. The volume was noted at 45770 lots. Support for chana is at 2329 below that could see a test of 2305. Resistance is now seen at 2366 above that could see a resistance of 2379.

Trading Ideas:

Chana trading range is 2280-2380

Chana ended higher as bargain-hunting outweighed tepid demand

India's chana acreage as on Jan. 7 stood at 8.438 million hectares

Spot Chana prices fell by 25 rupees to settle at 2350 rupees per 100 kg

BUY CHANA JAN @ 2340 2320 TGT 2356-2370-2388.NCDEX