Chana ended steady as profit-taking is seen offsetting firm prices of weak arrivals in spot market. There were concerns acreage may shrink due to diversion towards rapeseed, but sowing reports indicated a rise in acreage. In the Delhi spot market, the price rose by 31 rupees to 2,490 rupees per 100 kg.

Chana dropped Rs 3 and settled at Rs 2496 per quintal. The volume was noted at 17310 lots. Support for chana is at 2483 below that could see a test of 2469. Resistance is now seen at 2513 above that could see a resistance of 2529.

Trading Ideas:

CHANA TRADING RANGE IS 2450--2550.

CHANA ENDED STEADY AS PROFIT-TAKING IS SEEN OFFSETTING FIRM PRICES

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SUPPORT FOR CHANA IS AT 2483 AND RESIST IS AT 2513.

SPOT CHANA PRICES ROSE OVER 31 RUPEES ENDED STEADY AT 2,490 RUPEES PER 100 KG