Chana dropped Rs 5 and settled at Rs 2237 per quintal as ample stocks, higher acreage under kharif pulses and fresh arrival of moong from new crop weighed on sentiment. As on Aug. 26, area under kharif pulses stood at 10.9 million hectares, compared to 8.9 million hectares a year ago. In Delhi spot market, chana jump up by 1.05 rupee to end at 2277.5 rupee per 100 kgs. The volume was noted at 112780 lots. Support for chana is at 2226 below that could see a test of 2214. Resistance is now seen at 2250 above that could see a resistance of 2262.

Trading Ideas:

Chana trading range is 2214-2262.

Chana ended down as ample stocks and higher acreage under kharif pulses weighed

Support for the chana is seen at 2226 and resistance is at 2250.

NCDEX accredited warehouses chana stocks fell 1751 tonnes to 45079 tonnes.

In Delhi spot market, chana jump up by 1.05 rupee to end at 2277.5 rupee per 100 kgs.