Chana gained Rs 10 and settled at Rs 2488 per quintal on spot demand due to the ongoing wedding season and on higher government support prices but hopes of higher production weighed on sentiment. There is some demand in the market but any major upside movement is not expected because of estimates of higher output. India's pulses output this year is expected to be at 16.5 million tonnes, up from 14.6 million tonnes in 2009/10, against an average demand of 18 million tonnes, the farm minister said at an industry event on Dec. 5. Total arrivals of chana in Delhi were around 30 motors. In Delhi spot market, chana jump up by 26 rupee to end at 2441.65 rupee per 100 kgs. The volume was noted at 27470 lots. Support for chana is at 2478 below that could see a test of 2468. Resistance is now seen at 2494 above that could see a resistance of 2500.

Trading Ideas:

Chana trading range is 2467-2499.

Chana settled positive on spot demand due to the ongoing wedding season

Chana is taking resistance at 2494 and support is seen at 2478.

Total arrivals of chana in Delhi were around 30 motors.

In Delhi spot market, chana jump up by 26 rupee to end at 2441.65 rupee per 100 kgs.