Chana trading range for the day is 4613-4697.
Chana prices settled flat as increased sowing in local mandis weighed on prices.
Agriculture Ministry in its Kharif sowing update has increased Kharif Pulses acreage jumped by 50% to 7.26 million hectare.
Weather
condition in Australia is favourable therefore yields are likely to
improve this year thereby making a decent surplus for exporting to
India.
In Delhi spot market, chana dropped by -27.05 rupee to end at 4633.35 rupee per 100 kgs.Technically now Chana is getting support at 4632 and below same could see a test of 4613 level, and resistance is now likely to be seen at 4674, a move above could see prices testing 4697.
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By Epic Research Chana prices dropped due to sluggish demand in the domestic market.
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