Chana gained Rs 35 and settled at Rs 2494 per quintal taking cue of moderately firm trend and good demand prevailing in the mandis. Fall in arrivals have further supported the market rates. Though there are higher production estimates for pulses and the 1st Advanced Estimates of crop production for Year 2010-11 had put a significant projected rise in Kharif Pulses production at 6 million tonnes compared to previous projections of 4.3 million metric tonnes. In Delhi the total arrivals of chana were around 65 motors reported. In Delhi spot market, chana jump up by 45.65 rupee to end at 2481.75 rupee per 100 kgs. The volume was noted at 121430 lots. Support for chana is at 2463 below that could see a test of 2431. Resistance is now seen at 2520 above that could see a resistance of 2545.

Trading Ideas:

Chana trading range is 2431-2545.

Chana settled higher taking cue of moderately firm trend and good demand

Chana is taking resistance at 2520 and support is seen at 2463.

In Delhi the total arrivals of chana were around 65 motors reported.

In Delhi spot market, chana jump up by 45.65 rupee to end at 2481.75 rupee per 100 kgs.