Chana futures edged higher but settled flat to positive on limited arrivals; however sluggish demand and lack of buying interest from millers and retailers continued to pressurize the prices. Spot prices remained steady and fresh arrivals are reported near 35 motors, buyers especially the millers adopted wait and watch policy on expectation of new arrivals of chana from next month onwards. India has raised minimum support price (MSP) of chana by 19.3 percent to 2,100 rupees per 100 kg. India's pulses production this year will rise by 2 million tonnes from last year's level. For today's session market is looking to take support at 2556, a break below could see a test of 2548 and where as resistance is now likely to be seen at 2572, a move above could see prices testing 2580.

Trading Ideas:

Chana trading range is 2549-2581.

Chana ended flat to positive but still pressure is been seen due to better production from better rains.

India's pulses production will rise by 2 million tonnes this year, compared to last year.

India has raised minimum support price (MSP) of chana by 19.3 percent to 2,100 rupees per 100 kg

SELL CHANA JAN @ 2580 SL 2600 TGT 2558-2522.NCDEX

In Delhi spot market, chana jump up by 26.15 rupee to end at 2458.4 rupee per 100 kgs.