Chana gained Rs 13 and settled at Rs 2989 per quintal as demand picked up at the lower levels amidst falling arrivals in the mandis. The rise in other Pulses too supported the commodity prices. Demand however is reportedly getting affected at the higher levels as stockists waited for dips before initiating fresh queries. Spot rates remained firm in the mandis. During morning hours ~30 motors arrival was seen in Lawrence Road mandi while demand was noted ~50 motors. In Delhi spot market, chana jump up by 53.35 rupee to end at 2861.6 rupee per 100 kgs. The volume was noted at 203850 lots. Support for chana is at 2974 below that could see a test of 2960. Resistance is now seen at 3005 above that could see a resistance of 3022.        

Chana trading range is 2960-3022.

Chana gained as demand picked up at the lower levels amidst falling arrivals in the mandis

Chana is taking resistance at 3005 and support is seen at 2974.

NCDEX accredited warehouses chana stocks gained by 1624 tonnes to 155627 tonnes.

BUY CHANA AUG @ 2970-2980 SL 2950 TGT 3000-3026-3054.NCDEX

In Delhi spot market, chana jump up by 53.35 rupee to end at 2861.6 rupee per 100 kgs.