Chana fell on lacklustre local demand, rising arrivals and hopes of higher output. In Delhi spot market, price dropped 25 rupees to end 2,175 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 18 and settled at Rs 2237 per quintal. The volume was noted at 65760 lots. Support for chana is at 2228 below that could see a test of 2220. Resistance is now seen at 2250 above that could see a resistance of 2264.

Trading Ideas:

Chana trading range is 2220-2264.

Chana fell on lacklustre local demand and rising arrivals

Support for the chana is seen at 2220 and resistance is at 2250.

NCDEX accredited warehouses chana stocks rose by 1299 tonnes to 32089 tonnes.

In the Delhi spot market prices fell 25 rupees to end 2,175 rupees per 100 kg

BUY CHANA MAY @ 2220-2230 SL 2200 TGT 2252-2275.NCDEX