Chana ended lower weighed by improving acreage, but spot demand limited the losses. Chana sowing would augment in a few more parts in the coming days. The ongoing marriage season is keeping spot prices of pulses including chana higher. Chana dropped Rs 16 and settled at Rs 2537 per quintal.

The volume was noted at 29590 lots. Support for chana is at 2523 below that could see a test of 2509. Resistance is now seen at 2559 above that could see a resistance of 2581.

Trading Ideas:

CHANA TRADING RANGE IS 2475-2575.

CHANA YESTERDAY ENDED DOWN DUE TO IMPROVEMENT IN ACREAGE

BUY CHANA DEC @ 2520-2530 SL 2504 TGT 2556-2578-2590.NCDEX

SUPPORT FOR CHANA IS AT 2523 AND RESIST IS AT 2559.

SPOT CHANA FELL BY OVER 11 RUPEES TO END AT 2450 RUPEES PER 100 KG.