Chana dropped Rs 9 and settled at Rs 2177 per quintal on weak prices of kharif pulses and pressure from fresh arrivals of moong and urad, traders and analysts said. Hopes of higher sowing of chana in the up-coming season due to sufficient moisture in the soil due to good monsoon rains also weighed on sentiment. Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh and Karnataka are the main chana producing states and sowing begins from October. In Delhi spot market chana fell down by -0.9 rupee to end at 2237.9 rupee per 100 kgs. The volume was noted at 45380 lots. Support for chana is at 2163 below that could see a test of 2148. Resistance is now seen at 2192 above that could see a resistance of 2206.

Trading Ideas:

Chana trading range is 2148-2206.

Chana ended weak on weak prices of kharif pulses

Support for the chana is seen at 2192 and resistance is at 2163.

NCDEX accredited warehouses chana stocks rose 1111 tonnes to 48683 tonnes.

In Delhi spot market, chana fell down by -0.9 rupee to end at 2237.9 rupee per 100 kgs.