Chana ended higher as bargain-buying outweighed fresh arrivals in the spot market and hopes of higher output. Demand is not picking up. Market is also worried about government moves. In the Delhi spot market, the price gained by over 18 rupees to 2,391 rupees per 100 kg. Chana gained Rs 9 and settled at Rs 2449 per quintal.

The volume was noted at 69230 lots. Support for chana is at 2431 below that could see a test of 2413. Resistance is now seen at 2462 above that could see a resistance of 2475.

Trading Ideas:

Chana trading range is 2400-2485

Chana ended higher as bargain-buying outweighed fresh arrivals

Now support for the chana is at 2431 and resistance is at 2462.

Spot Chana prices gained by over 18 rupees to 2,391 rupees per 100 kg

BUY CHANA FEB @ 2450 SL 2434 TGT 2474-2490-2512.NCDEX