NCDEX Chana under short covering Resistance seen at 4228
India, Feb. 15 -- Technically Chana market is under short covering as market has witnessed drop in open interest by 2. 83% to settled at 40560 while prices up 94 rupees.Now NCDEX Chana is getting support at 4228 and below same could see a test of 4160 level And resistance is now likely to be seen at 4346 a move above could see prices testing 4396.Chana on NCDEX settled up by 2.24% at 4296 on short covering after prices dropped amid higher crop production for 3rd consecutive year and higher stocks with Government agencies. Chana acreage registered a fall of 10% on year to 9.6 million hectares due to lower monsoon rains in major producing centres.Last year the sowing stood at 10.66 million hectares agriculture ministry data showed. During 201...
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