Chana fell more than a percent on rising arrivals and hopes of higher output. In Delhi spot market, price gained 21 rupees to end 2,225 rupees per 100 kg. India's chana acreage as on April 8 stood at 8.93 million hectares, compared with 8.36 million hectares in the same period a year ago. Chana dropped Rs 36 and settled at Rs 2272 per quintal. The volume was noted at 144610 lots. Support for chana is at 2256 below that could see a test of 2240. Resistance is now seen at 2303 above that could see a resistance of 2334.

Trading Ideas:

Chana trading range is 2240-2334.

Chana fell more than a percent on rising arrivals and hopes of higher output

Support for the chana is seen at 2256 and resistance is at 2303.

NCDEX accredited warehouses chana stocks rose by 503 tonnes to 27951 tonnes.

In the Delhi spot market prices rose 21 rupees to end 2,225 rupees per 100 kg

SELL CHANA MAY @ 2285 SL 2302 TGT 2265-22440.NCDEX