NCDEX CHANA UP 1.4% ON RISING SPOT DEMAND

• Chana prices advanced by 1.44% to Rs 3,463 per quintal as speculators enlarged positions amid rising domestic demand.
• Similarly, the commodity for delivery in January gained Rs 42, or 1.25%, to Rs 3,413 per quintal in 76,560 lots.
• Chana is likely to trade positive for short term as well as intra day with short term support seen at 3280 and resistance at 3550. Intra day support is seen at 3350 and resistance at 3450.
• At the National Commodity and Derivatives Exchange, chana for delivery in February advanced by Rs 49, or 1.44%, to Rs 3,463 per quintal with an open interest of 40,780 lots.