Chana gained Rs 37 and settled at Rs 2318 per quintal as hopes of a pick-up in spot demand for chana dal ahead of the festive season attracted buying at lower levels. In India, the festive season begins from August and extends till October. Buying may pick up ahead of festive season. In Delhi spot market, chana ended steady at 2,250 rupees per 100 kg. The volume was noted at 132050 lots. Support for chana is at 2294 below that could see a test of 2270. Resistance is now seen at 2333 above that could see a resistance of 2348.

Trading Ideas:

Chana trading range is 2270-2348.

Chana ended higher as hopes of pick-up in spot demand attracted buying

Support for the chana is seen at 2294 and resistance is at 2333.

NCDEX accredited warehouses chana stocks rose by 24 tonnes to 46509 tonnes.

In Delhi spot prices settled flat at 2,250 rupees per 100 kg