Chana hit contract lows on rising arrivals, ample carry-forward stocks and hopes of higher output. The production of winter-sown pulses is likely to be 10.53 million tonnes in 2009/10 against 9.88 million tonnes produced a year ago, official data showed. India's chana acreage as on Feb. 11 stood at 8.76 million hectares, compared with 8.3 million hectares in the same period a year ago. In the Delhi spot market, chana ended almost steady at 2,200 rupees per 100 kg. Chana dropped Rs 15 and settled at Rs 2166 per quintal. The volume was noted at 74870 lots. Support for chana is at 2146 below that could see a test of 2127. Resistance is now seen at 2189 above that could see a resistance of 2213.

Trading Ideas:

Chana trading range is 2127-2213.

Chana yesterday hit contract lows on rising arrivals and ample carry-forward stocks

India's chana acreage as on Feb. 11 stood at 8.76 million hectares

NCDEX accredited warehouses chana stocks seen at 28810 tonnes as on Feb 20.

SELL CHANA MAR ON JUMP @ 2190-2200 SL 2232 TGT 2172-2156-2138.NCDEX