Chana dropped Rs 20 and settled at Rs 2600 per quintal due to rising arrivals in the physical market and on pressure from better crop estimates of peer pulses. Full-fledged arrivals are seen from Maharashtra and Madhya Pradesh. Fresh supplies from Rajasthan are expected to start by the end of March or first week of April. The total daily arrivals of chana in major mandies were also down by 15 motors to 25 motors. In Delhi spot market, chana fell down by -8.45 rupee to end at 2616.55 rupee per 100 kgs. The volume was noted at 80030 lots. Support for chana is at 2586 below that could see a test of 2572. Resistance is now seen at 2618 above that could see a resistance of 2636.

Trading Ideas:

Chana trading range is 2571-2635.

Chana dropped due to rising arrivals in the physical market and on pressure from better crop estimates

Chana is taking resistance at 2618 and support is seen at 2586.

NCDEX accredited warehouses chana stocks fell by 30 tonnes 22582 tonnes.

In Delhi spot market, chana fell down by -8.45 rupee to end at 2616.55 rupee per 100 kgs.