Chana extended gains to end positive on bargain-buying, but hopes of higher acreage and rising arrivals restricted the upside. Fresh buying was witnessed as investors were seeing good opportunity at lower-levels. In the Delhi spot market, price gained 27 rupees to 2,171 rupees per 100 kg. Chana gained Rs 7 and settled at Rs 2158 per quintal. The volume was noted at 38490 lots. Support for chana is at 2148 below that could see a test of 2139. Resistance is now seen at 2170 above that could see a resistance of 2183.

Trading Ideas:

Chana trading range is 2139-2183.

Chana extended gains to end positive on bargain-buying

Chana is getting resistance at 2170 and support is at 2144.

NCDEX accredited warehouses chana stocks fell by 119 tonnes at 27906 tonnes.

SELL CHANA MAR @ 2165-2175 SL 2302 TGT 2148-2132-2115.NCDEX

In the Delhi spot market price gained 27 rupees to 2,143 rupees per 100 kg