Commodity Outlook for Chana by KediaCommodity

ChanaChana gained Rs 17 and settled at Rs 2303 per quintal on hopes of a rise in domestic demand during the ongoing festival season and the coming wedding season. Local demand is expected to improve ahead of the festivals and marriage season. In Delhi the total arrivals of chana were around 30 motors reported. In Delhi spot market, chana fell down by -9.15 rupee to end at 2334.25 rupee per 100 kgs. The volume was noted at 91480 lots. Support for chana is at 2283 below that could see a test of 2262. Resistance is now seen at 2318 above that could see a resistance of 2332.

Trading Ideas:

Chana trading range is 2262-2332.

Chana settled positive on hopes of a rise in domestic demand

Chana is taking resistance at 2318 and support is seen at 2283.

NCDEX accredited warehouses chana stocks fell 137 tonnes to 42559 tonnes.

In Delhi spot market, chana fell down by -9.15 rupee to end at 2334.25 rupee per 100 kgs.