Chana dropped Rs 17 and settled at Rs 2290 per quintal on estimates of higher kharif pulses production and pressure from fresh arrivals of moong and urad. Production of kharif pulses in 2010-11 is expected to be 6 million tonnes against 4.30 million tonnes the previous year, according to the first advance estimate for summer-sown pulses. In Delhi spot market, chana jump up by 15.75 rupee to end at 2350 rupee per 100 kgs. The volume was noted at 77430 lots. Support for chana is at 2279 below that could see a test of 2269. Resistance is now seen at 2308 above that could see a resistance of 2327.

Trading Ideas:

Chana trading range is 2270-2328.

Chana settled weak on estimates of higher kharif pulses production

Chana is taking resistance at 2308 and support is seen at 2279.

NCDEX accredited warehouses chana stocks fell 169 tonnes to 42390 tonnes.

In Delhi spot market, chana jump up by 15.75 rupee to end at 2350 rupee per 100 kgs.