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Buying Opportunity in Delhi Chana Past Rs 4325 Resistance

24 Jun 2020 2:37 pm
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Mumbai (Commodities Control) - Spot Chana has been generally range bound in Delhi amid light buying.
Mills are purchasing just to satisfy immediate requirements, as demand and sale counter in processed Chana reported thin activity.

Rajasthan and M.P origin new chana traded flat each, at Rs 4,225/100kg and Rs 4,175-4,200, respectively.
Meanwhile, on technical charts Delhi chana is poised for a breakout past Rs 4325. Chickpea (Delhi) spot market prices are testing the upper–end of a multi-week range. A breakout above resistance of Rs. 4,325 points will likely take spot chickpea to its six months’ high close to Rs 4700 levels.

Neha Anand

       
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