Chana ended flat on the back of increased arrivals and profit booking at the higher levels. Also there is higher production estimates for pulses and higher sowing area expected for chana. Despite the ongoing marriage season demand the commodity is likely to remain under pressure in medium term. The total arrivals are 60 trucks, sliding down after witnessing a surge in the last couple of days. In Delhi spot market, chana fell down by -22.35 rupee to end at 2464.75 rupee per 100 kgs. The volume was noted at 40450 lots. Support for chana is at 2501 below that could see a test of 2487. Resistance is now seen at 2523 above that could see a resistance of 2531.

Trading Ideas:

Chana trading range is 2486-2530.

Chana settled flat on the back of increased arrivals and profit booking

Chana is taking resistance at 2523 and support is seen at 2501.

The total arrivals of chana in Delhi were 60 trucks

In Delhi spot market, chana fell down by -22.35 rupee to end at 2464.75 rupee per 100 kgs.