Chana gained Rs 2 and settled at Rs 2158 per quintal on bargain buying after falling for 6 sessions in a row but estimations of higher output and monsoon rains weighed. Spot demand is not picking up as traders are expecting further fall in prices on hopes of higher production this year. In Delhi spot market, chana inched up 6 rupees to end at 2,094 rupees per 100 kg. The volume was noted at 54950 lots. Support for chana is at 2146 below that could see a test of 2135. Resistance is now seen at 2169 above that could see a resistance of 2181.

Trading Ideas:

Chana trading range is 2136-2182.

Chana ended firm on bargain buying but estimations of higher output weighed

Support for the chana is seen at 2146 and resistance is at 2169.

NCDEX accredited warehouses chana stocks jumped 884 tonnes to 45394 tonnes.

SELL CHANA JULY ON JUMP @ 2180 SL 2202 TGT 2156-2140.NCDEX

In Delhi spot prices gained 6 rupees and settled at 2,094 rupees per 100 kg