Commodity Outlook for Chana by Kedia Commodity

Commodity Outlook for Chana by Kedia CommodityChana ended higher on low level buying after losing 2.55 percent in the past two sessions. In Delhi spot market, price gained 10 rupees to 2,160 rupees per 100 kg. Domestic demand is good at current levels as prices have fallen significantly in the last few sessions. Chana gained Rs 22 and settled at Rs 2145 per quintal.

The volume was noted at 36970 lots. Support for chana is at 2125 below that could see a test of 2104. Resistance is now seen at 2163 above that could see a resistance of 2180.

Trading Ideas:

Chana trading range is 2104-2180.

Chana yesterday ended higher on low level buying

Chana is getting support at 2125 and resistance is at 2163 level

NCDEX accredited warehouses chana stocks rose by 216 tonnes to 26280 tonnes.

BUY CHANA MAR @ 2115-2125 SL 2098 TGT 2138-2152-2170.NCDEX

In the Delhi spot market price gained 10 rupees to 2,160 rupees per 100 kg