Chana ended higher after hitting fresh contract lows in the intra-day trade on bargain-buying after losing more than 4 percent in the last 3 sessions. Improvement in other pulses such as moong and tur may support chana prices. In Delhi spot market, chana ended down 21 rupees at 2,109 rupees per 100 kg. Chana gained Rs 10 and settled at Rs 2160 per quintal. The volume was noted at 104850 lots. Support for chana is at 2137 below that could see a test of 2115. Resistance is now seen at 2176 above that could see a resistance of 2193.

Trading Ideas:

Chana trading range is 2115-2193.

Chana yesterday ended higher on bargain-buying

Support for the chana is seen at 2137 and resistance is at 2176.

NCDEX accredited warehouses chana stocks rose by 30 tonnes to 38485 tonnes.

In the Delhi spot market prices down 21 rupees at 2,109 rupees per 100 kg

SELL CHANA JUNE @ 2260-2270 SL 2292 TGT 2248-2220.NCDEX