India, April 16 -- Technically Chana market is under fresh selling as market has witnessed gain in open interest by 1. 57% to settled at 132730 while prices down 37 rupees.
Now NCDEX Chana is getting support at 5516 and below same could see a test of 5457 levels and resistance is now likely to be seen at 5645 a move above could see prices testing 5715.
Chana yesterday settled up by 2.8% at 5730 on expectations of better demand during the forthcoming festival season amid lower inventories.
Support also seen as the concern of unseasonal rain in the early part of this year has stoked up crop damage fears in some of the northern states.
In addition the government has spruced up procurement through minimum support price as higher arrivals at...