Chana dropped Rs 15 and settled at Rs 2293 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 11 rupees to end at 2,250 rupees per 100 kg. The volume was noted at 62820 lots. Support for chana is at 2281 below that could see a test of 2268. Resistance is now seen at 2308 above that could see a resistance of 2322.

Trading Ideas:

Chana trading range is 2268-2322.

Chana ended lower on higher sowing of kharif pulses and good rains

Support for the chana is seen at 2281 and resistance is at 2308.

NCDEX accredited warehouses chana stocks rose by 116 tonnes to 46717 tonnes.

In Delhi spot prices fell 11 rupees and settled at 2,250 rupees per 100 kg