LATTEST NEWS UPDATE NCDEX CHANA ON 19 DEC 2014

Chana to trade Positive on good demand

• NCDEX Chana January futures traded on a positive note on Friday on account of limited arrivals and good demand. As per the physical market participants, sowing is significantly lower in two major states of Madhya Pradesh and Maharashtra.
• Chana January contract rose 0.61% to 3291 levels on Friday at India's National Commodity & Derivatives Exchange Limited (NCDEX).
• Chana is likely to trade positive for short term as well as intra day with short term support seen at 3160 and resistance at 3410. Intra day support is seen at 3270 and resistance at 3330.