Chana dropped Rs 13 and settled at Rs 2182 per quintal on estimates of higher output and ample stocks, offsetting a decline in supply in the spot market. Traders are hopeful of demand to pick up in the monsoon season. In Delhi spot market, chana fell 21 rupees to end at 2,150 rupees per 100 kg. The volume was noted at 85250 lots. Support for chana is at 2171 below that could see a test of 2161. Resistance is now seen at 2202 above that could see a resistance of 2223.

Trading Ideas:

Chana trading range is 2162-2224.

Chana dropped on estimates of higher output and ample stocks

Support for the chana is seen at 2171 and resistance is at 2202.

NCDEX accredited warehouses chana stocks rose by 451 tonnes to 47289 tonnes.

In Delhi spot prices dropped 21 rupees and settled at 2,150 rupees per 100 kg

BUY CHANA JUNE @ 2170-2180 SL 2152 TGT 2200-2220.NCDEX