AHMEDABAD (Commodity Online): Chana Prices at NCDEX, February contract saw firm trend in last few consecutive trading sessions and continues it in today's trading session as well.
Good fundamentals like estimates of lower acreage, increasing demand and strong fundamentals of other substitute pulses likely to support the bullish trend in medium to long term.
Chana prices trading at NCDEX, February contract is having strong support at 3120 level.
Technically, 14 days RSI on Daily chart at 53 indicates upside in near term.
‘’Positional Traders should look for the opportunity to buy on dips instead of creating any selling position”, said Milan Shah, Commodity Analyst with Commodity Online.
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