Chana gained Rs 22 and settled at Rs 2150 per quintal on bargain buying but hopes of higher output weighed.  In physical market demand from millers is still weak as they are waiting for a further dip in the prices. In Delhi spot market, chana dropped 12 rupees to 2,063 rupees per 100 kg. The volume was noted at 78250 lots. Support for chana is at 2129 below that could see a test of 2107. Resistance is now seen at 2162 above that could see a resistance of 2173.

Trading Ideas:

Chana trading range is 2107-2173.
Chana settled higher on bargain buying but hopes of higher output weighed
Support for the chana is seen at 2129 and resistance is at 2162.
NCDEX accredited warehouses chana stocks jumped 543 tonnes to 48787 tonnes.
BUY CHANA JULY ABV 2150 SL 2126 TGT 2168-2180.NCDEX
In Delhi spot prices fell 12 rupees and settled at 2,063 rupees per 100 kg