Chana ended lower on weak demand and forecast of normal monsoon rains, a trend which may continue in the next session. In Delhi spot market, chana ended down 19 rupees at 2,162 rupees per 100 kg. Chana dropped Rs 15 and settled at Rs 2208 per quintal. The volume was noted at 99280 lots. Support for chana is at 2195 below that could see a test of 2182. Resistance is now seen at 2229 above that could see a resistance of 2250.

Trading Ideas:

Chana trading range is 2182-2250.

Chana ended lower on weak demand and forecast of normal monsoon rains

Support for the chana is seen at 2195 and resistance is at 2229.

NCDEX accredited warehouses chana stocks rose by 1157 tonnes to 37735 tonnes.

In the Delhi spot market prices dropped 19 rupees to 2,162 rupees per 100 kg

SELL CHANA MAY @ 2220 SL 2234 TGT 2206-2192.NCDEX