Chana gained Rs 5 and settled at Rs 2433 per quintal on the back of good domestic demand, even though there are higher production estimates for pulses and higher sowing area expected for chana, Traders are of the view that the increased arrivals will keep a check on the rising prices. At Delhi mandi the total arrivals of chana were around 35 motors reported. In Delhi spot market, chana jump up by 31.3 rupee to end at 2425 rupee per 100 kgs. The volume was noted at 99090 lots. Support for chana is at 2420 below that could see a test of 2408. Resistance is now seen at 2453 above that could see a resistance of 2474.

Trading Ideas:

Chana trading range is 2408-2474.

Chana settled positive on the back of good domestic demand

Chana is taking resistance at 2453 and support is seen at 2420.

NCDEX accredited warehouses chana stocks fell 15 tonnes to 27641 tonnes.

In Delhi spot market, chana jump up by 31.3 rupee to end at 2425 rupee per 100 kgs.