Chana dropped Rs 6 and settled at Rs 2377 per quintal due to last-hour profit-taking after trading higher for most of the session. Domestic demand due to festivals and the upcoming wedding season had pushed up the prices earlier in the session. Demand is expected to remain buoyant in the coming days too. In Delhi spot market, chana fell down by -1.6 rupee to end at 2335.9 rupee per 100 kgs. The volume was noted at 103570 lots. Support for chana is at 2363 below that could see a test of 2348. Resistance is now seen at 2397 above that could see a resistance of 2416.

Trading Ideas:

Chana trading range is 2348-2416.

Chana settled down due to last-hour profit-taking

Chana is taking resistance at 2397 and support is seen at 2363.

NCDEX accredited warehouses chana stocks fell 2 tonnes to 32460 tonnes.

In Delhi spot market, chana fell down by -1.6 rupee to end at 2335.9 rupee per 100 kgs.