Chana gained Rs 7 and settled at Rs 2263 per quintal due to hopes of rise in domestic demand during the festival season. Likelihood of higher winter chana acreage, however, limited the gains. Rabi chana acreage will increase as farmers may chose the pulse over competing crops due to expectation of higher price realisation. In Delhi spot market, chana fell down by -25 rupee to end at 2300 rupee per 100 kgs. The volume was noted at 54600 lots. Support for chana is at 2246 below that could see a test of 2230. Resistance is now seen at 2274 above that could see a resistance of 2286.

Trading Ideas:

Chana trading range is 2230-2286.

Chana settled positive due to hopes of rise in domestic demand

Chana is taking resistance at 2274 and support is seen at 2246.

NCDEX accredited warehouses chana stocks fell 117 tonnes to 35456 tonnes.

In Delhi spot market, chana fell down by -25 rupee to end at 2300 rupee per 100 kgs.