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.
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