Chana gained Rs 52 and settled at Rs 2604 per quintal helped by firm domestic demand from millers amid lack of supplies, though estimates of higher production kept the upside limited. Millers are buying ahead of marriage season and stock levels are lower as there are disruptions in imports from Australia. In Indore, a major trading centre in Madhya Pradesh, chana was up 18.5 rupees at 2,387.50 rupees per 100 kg. In Delhi spot market, chana jump up by 38.95 rupee to end at 2513.95 rupee per 100 kgs. The volume was noted at 98140 lots. Support for chana is at 2570 below that could see a test of 2535. Resistance is now seen at 2623 above that could see a resistance of 2641.

Trading Ideas:

Chana trading range is 2535-2641.

Chana gained helped by firm domestic demand from millers amid lack of supplies

Chana is taking resistance at 2623 and support is seen at 2570.

NCDEX accredited warehouses chana stocks rose 239 tonnes to 8290 tonnes.

BUY CHANA FEB @ 2560-2570 SL 2545 TGT 2590-2615.NCDEX

In Delhi spot market, chana jump up by 38.95 rupee to end at 2513.95 rupee per 100 kgs.