Chana gained Rs 7 and settled at Rs 2173 per quintal on value buying supported by wedding demand but estimates of higher output and sufficient stocks weighed. Wedding demand is restricting sharp fall in chana prices but sellers become active at every rise on hopes of higher production. In Delhi spot market, chana inched down 4 rupees to end at 2,121 rupees per 100 kg. The volume was noted at 58990 lots. Support for chana is at 2156 below that could see a test of 2140. Resistance is now seen at 2187 above that could see a resistance of 2202.

Trading Ideas:

Chana trading range is 2140-2202.

Chana gained on value buying supported by wedding demand

Support for the chana is seen at 2156 and resistance is at 2187.

NCDEX accredited warehouses chana stocks gained 257 tonnes to 47546 tonnes.

In Delhi spot prices dropped 4 rupees and settled at 2,121 rupees per 100 kg

BUY CHANA JUNE ABV 2170 SL 2152 TGT 2200.NCDEX