NCDEX CHANA SHEDS 1.5% ON SLUGGISH SPOT DEMAND

• Chana prices were down by 1.53 % to Rs 3,401 per quintal in futures trade today as speculators trimmed positions, amid sluggish domestic demand and adequate stocks position.
•  NCDEX Chana January contract declined by Rs 31, or 0.89% to Rs 3,441 per quintal in 11,860 lots.
• Chana is likely to trade sideways for short term and bearish for intra day. Lower sowing reports amidst fall in stocks and improved domestic demand are likely to support the prices.
• short term support for Chana is seen at 3440 and resistance at 3630. Intra day support is seen at 3745 and resistance at 3520 .