Chana dropped Rs 4 and settled at Rs 2153 per quintal as it failed to recover from bear's grip. Constant profit booking pressurised chana futures, demand is also reported weak. Good inquiries are coming from dal millers but retail buyers are still passive, waiting for prices to come down further. In Delhi spot market, chana fell down 7 rupees to end at 2,100 rupees per 100 kg. Support for chana is at 2145 below that could see a test of 2137. Resistance is now seen at 2161 above that could see a resistance of 2169.

Trading Ideas:

Chana trading range is 2137-2169.

Chana settled down as it failed to recover from bear's grip

Support for the chana is seen at 2145 and resistance is at 2161.

NCDEX accredited warehouses chana stocks jumped 652 tonnes to 47599 tonnes.

BUY CHANA JULY @ 2150 SL 2132 TGT 2175-2190.NCDEX

In Delhi spot prices fell 7 rupees and settled at 2,100 rupees per 100 kg