Chana dropped Rs 16 and settled at Rs 2281 per quintal on sufficient stocks and weak domestic demand as traders awaited a further fall in prices. Demand for chana dal may improve in coming days. Any downside should be taken as a good buying opportunity. In Delhi spot market, chana fell 11 rupees to end at 2,188 rupees per 100 kg. The volume was noted at 91750 lots. Support for chana is at 2272 below that could see a test of 2263. Resistance is now seen at 2299 above that could see a resistance of 2317.

Trading Ideas:

Chana trading range is 2263-2317.

Chana ended weak on sufficient stocks and weak domestic demand

Support for the chana is seen at 2272 and resistance is at 2299.

NCDEX accredited warehouses chana stocks rose by 179 tonnes to 56721 tonnes

In Delhi spot prices fell 11 rupees and settled at 2,188 rupees per 100 kg