Chana gained Rs 6 and settled at Rs 2406 per quintal on festive demand but higher output estimates limited gains. In Delhi spot market, chana fell down by -0.55 rupee to end at 2359.45 rupee per 100 kgs. Spread between Chana NOV & DEC contracts yesterday ended at 42.00, we have seen yesterday that the Chana market had traded with a positive node and settled 0.25% up. Spread yesterday traded in the range of 42 to 45. The volume was noted at 40940 lots. Support for chana is at 2396 below that could see a test of 2386. Resistance is now seen at 2412 above that could see a resistance of 2418.

Trading Ideas:

Chana trading range is 2386-2418.

Chana yesterday settled positive on festive demand

Chana is taking resistance at 2412 and support is seen at 2396.

NCDEX accredited warehouses chana stocks fell 4 tonnes to 34545 tonnes.

In Delhi spot market, chana fell down by -0.55 rupee to end at 2359.45 rupee per 100 kgs.