Chana gained Rs 14 and settled at Rs 2493 per quintal on festive demand and government support prices, but higher output estimates limited gains. Chana prices looks to trade firm on optimism about festival consumption which is expected to increase the demand. According to government estimates, production of chana is likely to be 7.35 million tonnes as against 7.06 million tonnes last year. In Delhi spot market, chana jump up by 32.5 rupee to end at
2407.5 rupee per 100 kgs. The volume was noted at 41930 lots. Support for chana is at 2472 below that could see a test of 2452. Resistance is now seen at 2507 above that could see a resistance of 2522.

Trading Ideas:

Chana trading range is 2452-2522.

Chana yesterday settled positive on good festive demand

Chana is taking resistance at 2515 and support is seen at 2478.

Production of chana is likely to be 7.35mt as against 7.06mt last year

In Delhi spot market, chana jump up by 32.5 rupee to end at 2407.5 rupee per 100 kgs.