Chana gained Rs 15 and settled at Rs 2267 per quintal after spot enquiries from millers gave rise to hope of a pick-up in domestic demand. Traditionally, demand in the country rises during September-November as festivals such as Ganesh Chaturthi and Diwali fall during this period. In Delhi spot market, chana fell down by -2.5 rupee to end at 2247.5 rupee per 100 kgs. The volume was noted at 65100 lots. Support for chana is at 2248 below that could see a test of 2228. Resistance is now seen at 2283 above that could see a resistance of 2298.

Trading Ideas:

Chana trading range is 2230-2300.

Chana ended positive after spot enquiries gave rise to hope of pick-up in domestic demand

Support for the chana is seen at 2248 and resistance is at 2283.

NCDEX accredited warehouses chana stocks rose 614 tonnes to 42443 tonnes.

In Delhi spot market, chana fell down by -2.5 rupee to end at 2247.5 rupee per 100 kgs.