Chana futures rose marginally on Saturday's trading session on account of bargain hunting and overall positive sentiment in commodities market and expected revival in demand on account of millers. Guar seed plunged on Saturday's trading session, i. e. first day after expiry showing some weakness.

Chana arrivals are 13000-14000 bags, up by 4000 bags from yesterday at Delhi's Lawrence Road Mandi. These ariivals mainly constituets from Indore (12000 bags approx). Such increase in arrivals is mainly due to expected increase in demand fore the forthcoming marriage season.

Chana Spot price is expected to open at Rs. 2325/quintal, up Rs. 25 from yesterday's traded spot price. The spread between Chana Spot price (Delhi) and Yellow Pea Spot price (Kanpur) have reduced by Rs. 20-30/quintal to Rs. 490-500/quintal, further such narrowing of the spread is expected as demand for yellow peas is expected to increase on account due to forth coming festive season and the Kanpur market is facing tight supplies.

Demand for Chana on miller's end is expected to increase mainly due to festive season, as besan used in sweets can only be of processed Chana Dal and not of Yellow Peas, as they are a bit sour in their natural way.

Global stockpiles will jump 10 percent to 186.6 million metric tons (6.86 billion bushels) by the end of this marketing year. World production may total 663.7 million tons, second only to last year's 682.3 million, the USDA said.

Chana is expected to trade sideways to up on account revival in demand is expected from miller's end on account of ongoing and forthcoming festive season. We suggest going long on Chana futures at dips. Guar complex is expected to trade sideways to down and we recomed to book profit's if prices move up by Rs. 30-40 during today's trading session. And we expect Wheat prices to be firm and recomened to buy at dips in this counter.