Chana fell 2 percent as weak spot demand, rising arrivals and ample carry-forward stocks depressed sentiment. Good production prospects are hitting the prices. In the Delhi spot market, the price fell by 29 rupees to 2,357 rupees per 100 kg. Chana dropped Rs 49 and settled at Rs 2361 per quintal.

The volume was noted at 108790 lots. Support for chana is at 2332 below that could see a test of 2302. Resistance is now seen at 2403 above that could see a resistance of 2444.

Trading Ideas:

Chana trading range is 2315-2410.

Chana fell 2 percent on weak spot demand and rising arrivals

Good production prospects are hitting the prices.

Now support for the chana is at 2332 and resistance is at 2386.

Spot Chana prices fell by 29 rupees to 2,357 rupees per 100 kg.

A DIP TILL 2325 IS LIKELY TO SEE WILL WAIT TO BUY