Friday, 15 January 2016

CHANA NEWS TODAY

Chana settled down by -0.82% at 4360 on hopes of rise in arrival of new crop in the coming days coupled with pressure of imported crop. Reports subdued demand at higher prices as the standing chana crop is developing well in Rajasthan and MP also weighed. As per data release by Agriculture Ministry, Chana planted 81.08 lakh tonnes (lt) so far, compared with 79.95 lt last year.

Trading Ideas:
Chana trading range for the day is 4304-4458.
Chana prices dropped on hopes of rise in arrival of new crop in the coming days coupled with pressure of imported crop.
Reports subdued demand at higher prices as the standing chana crop is developing well in Rajasthan and MP also weighed.
As per data release by Agriculture Ministry, Chana planted 81.08 lakh tonnes (lt) so far, compared with 79.95 lt last year.
In Delhi spot market, chana remains unchanged at by 0 rupee to end at 4850 rupee per 100 kgs


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