Chana fell nearly two percent due to rising arrivals and hopes of higher output. In Delhi spot market, the price inched down 2 rupees to 2,173 rupees per 100 kg. Arrivals were rising steadily in major spot markets like Indore, Nagpur, Delhi, Latur and Gulbarga. Chana dropped Rs 37 and settled at Rs 2135 per quintal. The volume was noted at 59290 lots. Support for chana is at 2114 below that could see a test of 2092. Resistance is now seen at 2169 above that could see a resistance of 2202.

Trading Ideas:

Chana trading range is 2092-2202.

Chana fell nearly two percent due to rising arrivals and hopes of higher output

Chana is getting support at 2114 and resistance is at 2152 level

Yesterday we have seen that open interest at 43150 and volume at 59290 lots.

In the Delhi spot market price inched down 2 rupees to 2,173 rupees per 100 kg

OVERALL SELLING WILL BE SEEN NEAR TO 2140-2150 LEVEL.