Chana dropped Rs 5 and settled at Rs 2405 per quintal as ample stocks weighed on sentiment. Prices are unlikely to fall much as spot demand is improving gradually. In Delhi spot market, chana gained 66 rupees to end at 2,350 rupees per 100 kg. The volume was noted at 193970 lots. Support for chana is at 2392 below that could see a test of 2378. Resistance is now seen at 2426 above that could see a resistance of 2446.

Trading Ideas:

Chana trading range is 2378-2446.

Chana dropped as ample stocks weighed on sentiment

Support for the chana is seen at 2392 and resistance is at 2426.

NCDEX accredited warehouses chana stocks fell by 4 tonnes to 59061 tonnes.

In Delhi spot prices gained 66 rupees and settled at 2,350 rupees per 100 kg