Chana gained Rs 14 and settled at Rs 2210 per quintal due to bargain buying as traders took advantage of the nearly fall. Hopes of a pick-up in spot demand ahead of festivals such as Ganesh Chaturthi and Diwali that fall between September and November is also supporting the price. Prices may recover further on hope of improvement in physical demand. In Delhi spot market, chana jump up by 5.25 rupee to end at 2241.2 rupee per 100 kgs. The volume was noted at 57270 lots. Support for chana is at 2196 below that could see a test of 2183. Resistance is now seen at 2220 above that could see a resistance of 2231.

Trading Ideas:

Chana trading range is 2183-2231.

Chana ended higher quintal due to bargain buying

Support for the chana is seen at 2196 and resistance is at 2220.

NCDEX accredited warehouses chana stocks fell 668 tonnes to 44623 tonnes.

In Delhi spot market, chana jump up by 5.25 rupee to end at 2241.2 rupee per 100 kgs.