Chana ended marginally up on bargain-buying that was triggered after they fell for the last three sessions. Chana prices have gone up as traders were thinking there should be some demand shift from higher pulses (such as tur and urad) to lower pulses (chana). In Delhi spot market, price dropped 14 rupees to end 2,261 rupees per 100 kg. Chana gained Rs 7 and settled at Rs 2273 per quintal. The volume was noted at 72150 lots. Support for chana is at 2260 below that could see a test of 2246. Resistance is now seen at 2288 above that could see a resistance of 2302.

Trading Ideas:

Chana trading range is 2246-2302.

Chana yesterday ended marginally up on bargain-buying

Support for the chana is seen at 2260 and resistance is at 2288.

NCDEX accredited warehouses chana stocks rose by 563 tonnes to 23023 tonnes.

In the Delhi spot market prices fell by 14 rupees to end 2,261 rupees per 100 kg

SELL CHANA APR BELOW 2270 SL 2298 TGT 2256-2238.NCDEX