Chana gained Rs 22 and settled at Rs 2197 per quintal on bargain-buying after falling more than 4 percent in the last five consecutive sessions. Expectation of a pick-up in domestic demand as festivals like Ganesh Chathurthi and Diwali are celebrated between September and November also supported the recovery. However, the gains may be limited due to hopes of higher sowing of chana in the up-coming season. In Delhi spot market, chana fell down by -10.3 rupee to end at 2200 rupee per 100 kgs. The volume was noted at 59790 lots. Support for chana is at 2180 below that could see a test of 2162. Resistance is now seen at 2210 above that could see a resistance of 2222.

Trading Ideas:

Chana trading range is 2162-2222.

Chana yesterday ended higher on bargain-buying

Support for the chana is seen at 2210 and resistance is at 2180.

NCDEX accredited warehouses chana stocks rose 990 tonnes to 46911 tonnes.

In Delhi spot market, chana fell down by -10.3 rupee to end at 2200 rupee per 100 kgs.