Chana dropped Rs 25 and settled at Rs 2178 per quintal tailing subdued trade in spot as estimates of higher output of summer-sown pulses and sufficient stocks weighed on sentiment. Production of kharif pulses is expected to be higher this year on good rainfall. Adequate moisture in the soil may also help chana sowing in the upcoming season. In Delhi spot market, chana fell down by -14.7 rupee to end at 2210.3 rupee per 100 kgs. The volume was noted at 80270 lots. Support for chana is at 2163 below that could see a test of 2149. Resistance is now seen at 2200 above that could see a resistance of 2223.

Trading Ideas:

Chana trading range is 2149-2223.

Chana ended lower tailing subdued trade in spot as estimates of higher output

Support for the chana is seen at 2163 and resistance is at 2200.

NCDEX accredited warehouses chana stocks rose 219 tonnes to 45921 tonnes.

In Delhi spot market, chana fell down by -14.7 rupee to end at 2210.3 rupee per 100 kgs.