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Last Updated : February 10, 2012 14:05
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Chana soars on strong demand, buy NCDEX Chana Feb above 3470

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Chana prices settled up and closed with upper circuit of 4 percent at Rs.3504 due to strong export and domestic demand in the spot market.

According to Second Advance estimates Pulses output is expected to fall by 5.26% to 17.29 mln tonnes as compared to 18.24 mln tonnes in 2010-11.

Chana production is expected to decline by 6.8% to 7.66 mln tonnes as compared to 8.22 million tonnes in the last year.

BUY NCDEX CHANA (FEB) ABOVE 3470 SL 3450 TGT 3550

R1 3500 R2 3550 S1 3450 S2 3400.

Looking for Agri Research? Visit research.commodityonline.com

NCDEX PEPPERMALABARGARBLEJUL12 20 July 2012 contract was trading at Rs 0 . What's your view on it?
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