Chana shrugged off early gains to end lower on ample stocks from last year's harvest and rains in growing areas. Wedding season demand is likely to increase in second half of this month. In the Delhi spot market, the price was steady at 2,500 rupees per 100 kg. Chana dropped Rs 31 and settled at Rs 2619 per quintal. The volume was noted at 159810 lots. Support for chana is at 2592 below that could see a test of 2564. Resistance is now seen at 2661 above that could see a resistance of 2702.

Trading Ideas:

CHANA TRADING RANGE IS 2565-2660.

CHANA ENDED LOWER ON AMPLE STOCKS FROM LAST YEAR'S HARVEST .

BUY CHANA DEC ABV 2625 SL 2600 TGT 2642-2660-2678. NCDEX.

NOW RES IS AT 2638 ABV THIS A RALLY TILL 2655-2670 CAN BE SEEN.

IN DELHI PRICES REMAILED UNCHANGED AT 2,500 RUPEES PER 100 KG.