Chana gained Rs 6 and settled at Rs 2505 per quintal on the back of good festive and marriage season demand; the commodity prices are likely to remain firm in coming days as well on depleting stocks in the mandis, Even though there are higher production estimates for pulses and higher sowing area expected for chana. In Delhi mandi the total arrivals of chana were around 30 motors reported. Arrivals were 50 motors in the last session. In Delhi spot market, chana jump up by 18.95 rupee to end at 2443.95 rupee per 100 kgs. The volume was noted at 61420 lots. Support for chana is at 2496 below that could see a test of 2487. Resistance is now seen at 2514 above that could see a resistance of 2523.

Trading Ideas:

Chana trading range is 2487-2523.

Chana settled firm on the back of good festive and marriage season demand

Chana is taking resistance at 2514 and support is seen at 2496.

Spread between Chana DEC & JAN contracts yesterday traded in the range of 31 to 37.

In Delhi spot market, chana jump up by 18.95 rupee to end at 2443.95 rupee per 100 kgs.