Chana ended higher supported by some enquiries in the physical market and on recovery in other pulses such as tur and urad. In Delhi spot market, price gained 41 rupees to end 2,318 rupees per 100 kg. Report of likely increase in stock limit in Rajasthan is supporting chana prices. Chana gained Rs 7 and settled at Rs 2341 per quintal. The volume was noted at 114200 lots. Support for chana is at 2320 below that could see a test of 2300. Resistance is now seen at 2358 above that could see a resistance of 2376.

Trading Ideas:

Chana trading range is 2300-2376.

Chana ended higher supported by some enquiries in the physical market

Support for the chana is seen at 2320 and resistance is at 2358.

NCDEX accredited warehouses chana stocks rose by 65 tonnes to 2505 tonnes.

In the Delhi spot market prices gained 41 rupees to end 2,318 rupees per 100 kg

BUY CHANA APR @ 2330-2340 SL 2316 TGT 2365-2390.NCDEX