Chana ended down as ample stocks from last year's harvest offset firm prices of kharif pulses and concerns patchy rains might see a drop in acreage this year in Rajasthan. Acreage may fall in Rajasthan due to patchy rains and a diversion towards rapeseed, while recent rains have improved soil moisture in Madhya Pradesh. In the Delhi spot market, the price dropped by 25 rupees to 2,425 rupees per 100 kg. Chana dropped Rs 39 and settled at Rs 2578 per quintal. The volume was noted at 120320 lots. Support for chana is at 2562 below that could see a test of 2545. Resistance is now seen at 2605 above that could see a resistance of
2631.

Trading Ideas:

CHANA TRADING RANGE IS 2530-2630.

CHANA ENDED DOWN AS AMPLE STOCKS FROM LAST YEAR'S HARVEST OFFSET PRICES

BUY CHANA NOV @ 2540-2550 SL 2518 TGT 2572-2590-2612. NCDEX

NOW RES IS AT 2605 ABV THIS A RALLY TILL 2630-2640 CAN BE SEEN.

IN DELHI PRICES DROPPED BY 25 RUPEES TO 2,425 RUPEES PER 100 KG

Commodity Analysis by Kedia Commodity, India's Premium Research House, Mumbai. Check out more commodity reviews at KediaCommodity. com