Chana dropped Rs 58 and settled at Rs 2452 per quintal due to increased arrivals pressure and diminishing demand in the mandis. The prices had surged in last week on account of festive demand but fresh arrivals have put pressure on prices. Meanwhile, arrivals of new crop from Rajasthan and Maharashtra continued. The total arrivals of chana at all India level increased to 3 lakh bags from 2 lakh bags that were reported last day. In Delhi spot market, chana fell down by -50 rupee to end at 2400 rupee per 100 kgs. The volume was noted at 110480 lots. Support for chana is at 2433 below that could see a test of 2413. Resistance is now seen at 2489 above that could see a resistance of 2525.

Trading Ideas:

Chana trading range is 2413-2525.

Chana dropped due to increased arrivals pressure and diminishing demand in the mandis

Chana is taking resistance at 2489 and support is seen at 2433.

The total arrivals of chana at all India level increased to 3 lakh bags

In Delhi spot market, chana fell down by -50 rupee to end at 2400 rupee per 100 kgs.