NCDEX chana expected to rally till 2445

Chana settled lower on Saturday after protest from the trade section the Rajasthan state government has raised the stock limit on pulses to 1,000 quintal against the earlier set 200 quintal.

The leading pulses growing states such as Maharashtra, Rajasthan, Andhra Pradesh and Gujarat have imposed stock limits to check hoarding. Chana gained Rs 9.00 and settled at Rs 2386 per quintal.

The volume was noted at 85150 lots. Support for chana is at 2371 below that could see a test of 2355. Resistance is now seen at 2406 above that could see a resistance of 2425.

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