Chana ended weak on mounting arrivals across the country, especially Madhya Pradesh, and expectations of higher output. Arrivals are increasing from Madhya Pradesh and also small quantity is coming from Rajasthan. Arrivals are gradually increasing. Delhi market received around 40-50 trucks. In Delhi spot market, price settled 2,157 rupees per 100 kg. Chana dropped Rs 14 and settled at Rs 2184 per quintal. The volume was noted at 55660 lots. Support for chana is at 2172 below that could see a test of 2161. Resistance is now seen at 2195 above that could see a resistance of 2207.

Trading Ideas:

Chana trading range is 2161-2207.

Chana ended weak on mounting arrivals across the country

Arrivals are gradually increasing as Delhi market received around 40-50 trucks.

NCDEX accredited warehouses chana stocks fell by 1261 tonnes to 24631 tonnes.

In the Delhi spot market prices settled at 2,157 rupees per 100 kg

SELL CHANA APR ON JUMP @ 2215 SL 2236 TGT 2200-2188-2170.NCDEX