Commodity Outlook for Chana by KediaCommodity
Chana ended positive on some buying interest at low levels. Overall trend is still weak because supply is good. In Delhi spot market, chana gained 18 rupees to end at 2,118 rupees per 100 kg. Chana gained Rs 13 and settled at Rs 2203 per quintal. The volume was noted at 45110 lots. Support for chana is at 2189 below that could see a test of 2175. Resistance is now seen at 2212 above that could see a resistance of 2221.
Trading Ideas:
Chana trading range is 2175-2221.
Chana ended positive on some buying interest at low levels
Support for the chana is seen at 2189 and resistance is at 2213.
NCDEX accredited warehouses chana stocks gained by 186 tonnes to 39178 tonnes.
BUY CHANA JUNE @ 2190 SL 2170 TGT 2205-2225.NCDEX
In the Delhi spot market prices gained 18 rupees at 2,118 rupees per 100 kg