Chana ended almost steady on some buying interest at low levels, but rising arrivals and expectation of higher output restricted the gains. However, any major fall is unlikely as low-level buying is seen supporting prices. In Delhi spot market, price gained 37 rupees to end 2,208 rupees per 100 kg. Chana dropped Rs 2 and settled at Rs 2242 per quintal. The volume was noted at 104560 lots. Support for chana is at 2226 below that could see a test of 2209. Resistance is now seen at 2262 above that could see a resistance of 2281.

Trading Ideas:

Chana trading range is 2211-2283.

Chana ended almost steady on some buying interest at low levels

Support for the chana is seen at 2226 and resistance is at 2262

NCDEX accredited warehouses chana stocks fell by 741 tonnes to 23789 tonnes.

In the Delhi spot market prices gained 37 rupees to end 2,208 rupees per 100 kg

SELL CHANA APR BELOW 2240 SL 2272 TGT 2220-2205-2190.NCDEX