Chana dropped Rs 12 and settled at Rs 2202 per quintal on fresh arrivals of kharif pulses from the new crop and hopes of good sowing in the upcoming season. Good rains so far have boosted the prospects of higher sowing of rabi crops in the country due to sufficient moisture in the soil. As on Sept. 2 area under kharif pulses stood at 10.95 million hectares, compared to 9.02 million hectares a year ago. In Delhi spot market, chana jump up by 8.8 rupee to end at 2250 rupee per 100 kgs. The volume was noted at 51120 lots. Support for chana is at 2193 below that could see a test of 2184. Resistance is now seen at 2215 above that could see a resistance of 2228.

Trading Ideas:

Chana trading range is 2184-2228.

Chana ended weak on fresh arrivals of kharif pulses

Support for the chana is seen at 2193 and resistance is at 2215.

NCDEX accredited warehouses chana stocks fell 2794 tonnes to 41829 tonnes.

In Delhi spot market, chana jump up by 8.8 rupee to end at 2250 rupee per 100 kgs.