Commodity Trading Tips for Chana by Kedia Commodity

Commodity Trading Tips for Chana by Kedia CommodityChana dropped Rs 41 and settled at Rs 2628 per quintal weighed by profit-taking, though rise in prices of substitute pulses and output concerns in largest producing state Madhya Pradesh capped losses. A rise in pigeon peas, or tur, and concerns over chana crop in Madhya Pradesh limited the downside.

In Delhi spot market, chana jump up by 13.2 rupee to end at 2686.2 rupee per 100 kgs. The volume was noted at 61340 lots. Support for chana is at 2603 below that could see a test of 2579. Resistance is now seen at 2666 above that could see a resistance of 2705. Trading Ideas: Chana trading range is 2577-2703.

Chana ended lower Saturday weighed by profit-taking, Chana is taking resistance at 2664 and support is seen at 2601. NCDEX accredited warehouses chana stocks fell by 115 tonnes to 18607 tonnes. In Delhi spot market, chana jump up by
13.2 rupee to end at 2686.2 rupee per 100 kgs.