Commodity	:	Chana
Exchange	:	NCDEX
Perspective	:	Very Short Term

Technical Commentary:

• Candlestick formation in the chart suggests range bound with bearish sentiment.
• Prices are holding above the immediate support level of 2675 which remains positive for chana prices besides closing of prices above the short term EMAs (9 and 18 days).
• Strong resistance can be seen near 2675 level and prices are expected to remain range bound between 2691-2575 levels. Closing of price either side will decide the further price movement.

Strategy: Sell on rallies towards resistance level.

Intraday Supports & Resistances S2 S1 PCP R1 R2
Chana NCDEX June 2659 2674 2675 2698 -
Intraday Trade Call Call Entry T1 T2 SL
Chana NCDEX June SELL <2694 2681 2675 2700