Chana gained Rs 34 and settled at Rs 2287 per quintal on slack supplies and hopes of likely rise in spot demand in the on-going festival season.  In spot, demand is normal but we expect it to gain pace in coming days. Domestic demand is expected to get a boost due to the coming festivals and marriage season. However, estimates of higher kharif pulses production and rising arrivals restricted the upside. In Delhi spot market, chana fell down by -10 rupee to end at 2300 rupee per 100 kgs. The volume was noted at 122650 lots. Support for chana is at 2253 below that could see a test of 2219. Resistance is now seen at 2308 above that could see a resistance of 2329.

Trading Ideas:

Chana trading range is 2219-2329.

Chana settled higher on slack supplies and hopes of likely rise in spot demand

Chana is taking resistance at 2308 and support is seen at 2253.

NCDEX accredited warehouses chana stocks fell 1233 tonnes to 42696 tonnes.

In Delhi spot market, chana fell down by -10 rupee to end at 2300 rupee per 100 kgs.