Chana fell for a straight ninth session to hit fresh contract lows as higher output hopes, rising arrivals and weak spot demand may hurt sentiment. In the Delhi spot market, price dropped 40 rupees to 2,123 rupees per 100 kg. Chana dropped Rs 32 and settled at Rs 2092 per quintal. The volume was noted at 70180 lots. Support for chana is at 2075 below that could see a test of 2058. Resistance is now seen at 2113 above that could see a resistance of 2134.

Trading Ideas:

Chana trading range is 2058-2134.

Chana hit fresh contract lows for ninth session on weak spot demand

Support for the chana is seen at 2075 and resistance is at 2113.

In the Delhi spot market price dropped 40 rupees to 2,123 rupees per 100 kg

SOME CONSOLIDATION CAN BE SEEN TODAY AND PULL BACK ABV 2100 LEVEL.

Yesterday we have seen that open interest at 71900 and volume at 70180 lots.