Chana dropped Rs 89 and settled at Rs 2379 per quintal witnessing selling pressure as the demand remains weak in local market. Traders are expecting higher arrivals that will further pressurize the market rates in the short term as the demand is not expected to rise much.  Arrivals of new crop from Rajasthan and Maharashtra continued. The total arrivals of chana at all India level were at 2.50 lakh bags. In Delhi spot market, chana fell down by -58.75 rupee to end at 2333.9 rupee per 100 kgs. The volume was noted at 113710 lots. Support for chana is at 2348 below that could see a test of 2318. Resistance is now seen at 2435 above that could see a resistance of 2492.

Trading Ideas:

Chana trading range is 2318-2492.

Chana ended lower witnessing selling pressure as the demand remains weak

Chana is taking resistance at 2410 and support is seen at 2348.

NCDEX accredited warehouses chana stocks rose by 1704 tonnes to 23581 tonnes.

In Delhi spot market, chana fell down by -58.75 rupee to end at 2333.9 rupee per 100 kgs.