NCDEX CHANA RISING ON STRONGE DEMAND

• NCDEX Chana Jan. futures traded on a positive note on Monday taking clue from the spot market on raising demand against restricted arrivals.
• Chana January contract gained 2.1 % to 3550 levels on Monday.
• Chana is likely to trade positive for short term as well as intra day with short term support seen at 3510 and resistance at 3560. Intra day support is seen at 3430 and resistance at 3470,”.
• Chana futures are expected to trade higher in the coming week as low arrivals and good demand of Dal may increase the prices however profit booking on higher levels may restrict sharp gains.