Chana dropped Rs 13 and settled at Rs 2306 per quintal on higher sowing of kharif pulses and rains in the kharif pulses growing regions, which may boost output. Weakness in other kharif pulses on hopes of higher output also weighed. Stockists are clearing off their stocks on hopes of higher production. Sowing has been good so far. In Delhi spot market, chana fell 25 rupees to end at 2,250 rupees per 100 kg. The volume was noted at 89920 lots. Support for chana is at 2293 below that could see a test of 2281. Resistance is now seen at 2319 above that could see a resistance of 2333.

Trading Ideas:

Chana trading range is 2281-2333.

Chana ended lower weighed by higher sowing of kharif pulses

Support for the chana is seen at 2293 and resistance is at 2319.

NCDEX accredited warehouses chana stocks fell by 3386 tonnes to 54370 tonnes.

In Delhi spot prices fell 25 rupees and settled at 2,250 rupees per 100 kg