Chana settled flat weighed by profit booking after prices rose on technical buying and improved spot demand in the on-going festival season as arrivals declined. Arrivals in the Delhi market were only 20-25 trucks against 30-35 trucks. As on Sept. 23 area under kharif pulses stood at 11.04 million hectares, compared to 9.07 million hectares a year ago. In Delhi spot market, chana jump up by 40.05 rupee to end at 2316.3 rupee per 100 kgs. The volume was noted at 82350 lots. Support for chana is at 2244 below that could see a test of 2235. Resistance is now seen at 2268 above that could see a resistance of 2283.

Trading Ideas:

Chana trading range is 2235-2283.

Chana settled flat Saturday weighed by profit booking

Chana is taking resistance at 2268 and support is seen at 2244.

NCDEX accredited warehouses chana stocks fell 1072 tonnes to 45631 tonnes.

In Delhi spot market, chana jump up by 40.05 rupee to end at 2316.3 rupee per 100 kgs.