India, Jan. 28 -- Technically Chana market is under long liquidation as market has witnessed drop in open interest by 9. 27% to settled at 21720 while prices down 52 rupees.Now NCDEX Chana is getting support at 4031 and below same could see a test of 4017 levels and resistance is now likely to be seen at 4065 a move above could see prices testing 4085.
Chana on NCDEX settled down by 1.27% at 4046 on profit booking after prices gained due to reports of weather irregularities in some area where rain and heat have impacted yield significantly.Agriculture Ministry data showed that area under Chana or Gram jumped 5.71% to 98.52 lh. However there is still time for the fresh crops to arrive in the spot markets.The new chana crop has started arriv...