Chana dropped Rs 25 and settled at Rs 2128 per quintal on sluggish spot demand for chana dal and estimates of higher output. Prices are slipping because of poor demand and huge stocks. In Delhi spot market, chana dropped 25 rupees to 2,075 rupees per 100 kg. The volume was noted at 51220 lots. Support for chana is at 2117 below that could see a test of 2107. Resistance is now seen at 2145 above that could see a resistance of 2163.

Trading Ideas:

Chana trading range is 2107-2163.

Chana settled down on sluggish spot demand and estimates of higher output

Support for the chana is seen at 2117 and resistance is at 2145.

NCDEX accredited warehouses chana stocks jumped 645 tonnes to 48244 tonnes.

BUY CHANA JULY ABV 2150 SL 2126 TGT 2168-2180.NCDEX

In Delhi spot prices fell 25 rupees and settled at 2,075 rupees per 100 kg