Chana ended down on Saturday as rising arrivals amid tepid demand and estimate of higher output hurt sentiment. In the Delhi spot market, the price fell by 11 rupees to 2,210 rupees per 100 kg. Chana dropped Rs 16 and settled at Rs 2181 per quintal. The volume was noted at 40120 lots. Support for chana is at 2167 below that could see a test of 2154. Resistance is now seen at 2202 above that could see a resistance of 2224.

Trading Ideas:

Chana trading range is 2140-2230.

Chana ended down as rising arrivals amid tepid demand and estimate of higher output weighed

Resistance for the chana is at 2202 and support is at 2167 level.

In the Delhi spot market price dropped by 11 rupees to 2,210 rupees per 100 kg

On Saturday we have seen that open interest has fell by 1940 lots and volume by 22580.

SELL CHANA FEB @ 2220 SL 2236 TGT 2202-2172-2156.NCDEX