Chana gained Rs 24 and settled at Rs 2327 per quintal due to hopes of rise in domestic demand during the festival season. Likelihood of higher winter chana acreage, however, limited the gains. Rabi chana acreage will increase as farmers may choose the pulse over competing crops due to expectation of higher price realisation. In Delhi spot market, chana fell down by -1 rupee to end at 2300 rupee per 100 kgs. The volume was noted at 48080 lots. Support for chana is at 2310 below that could see a test of 2293. Resistance is now seen at 2339 above that could see a resistance of 2351.

Trading Ideas:

Chana trading range is 2293-2351.

Chana settled positive due to hopes of rise in domestic demand

Chana is taking resistance at 2339 and support is seen at 2310.

Rabi chana acreage will increase as farmers may choose the pulse over competing crops

In Delhi spot market, chana fell down by -1 rupee to end at 2300 rupee per 100 kgs.