Chana ended flat recovering from its early losses due to short-covering by traders and millers. Overall sentiment is bearish and chana prices are declining on pressure from both new arrivals as well as falling prices of other pulses. The total arrivals of chana were around 45 motors reported, up 10 motors from the last day. The volume was noted at 73440 lots. In Delhi spot market, chana fell down by -23.25 rupee to end at 2500 rupee per 100 kgs. Support for chana is at 2522 below that could see a test of 2506. Resistance is now seen at 2550 above that could see a resistance of 2562.

Trading Ideas:

Chana trading range is 2505-2561.

Chana ended flat recovering from its early losses due to short-covering

Chana is taking resistance at 2560 and support is seen at 2510

NCDEX accredited warehouses chana stocks fell by 1180 tonnes 21198 tonnes.

In Delhi spot market, chana fell down by -23.25 rupee to end at 2500 rupee per 100 kgs.