Chana settled steady at Rs 2232 per quintal on some value buying but mounting stocks and hopes of good sowing of chana in the upcoming season due to sufficient moisture in the soil weighed. Demand in physical market has come down. Fresh arrivals of moong have gradually started picking up in the spot markets of Karnataka, Andhra Pradesh, Maharashtra and Madhya Pradesh. In Delhi spot market, chana fell down by -8 rupee to end at 2269.5 rupee per 100 kgs. The volume was noted at 93650 lots. Support for chana is at 2220 below that could see a test of 2209. Resistance is now seen at 2249 above that could see a resistance of 2267.

Trading Ideas:

Chana trading range is 2210-2268.

Chana ended steady on some value buying

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

NCDEX accredited warehouses chana stocks fell 396 tonnes to 44683 tonnes.

In Delhi spot market, chana fell down by -8 rupee to end at 2269.5 rupee per 100 kgs.