Mumbai (Commodities Control) – Chana futures are likely to trade firm today on back of demand from dals and besan counters.
Weak demand in dals and besan kept the market on its toes last week but slight improvement has brought in some relief.
Festive demand specially from Maharashtra and Southern states has tilted the direction in favour of higher buying for dals and besan counter.
Chana dal Akola spot traded at 6000/6100 Rs/Qtl.
The demand in tur and tur dals also were reported bit improved after staying weak for last week.
Tur spot prices have traded in range of 7000/7150 Rs per qtl for best quality at Maharashtra and Karnataka.
Going forward, Chana futures are to find support towards 4850 Rs/ qtl and trade towards 5000/5150 Rs/Qtl by coming sessions.
We expect Tur spot Akola prices to remain above 7000 Rs/Qtl and trade towards 7600/7800 Rs/Qtl in coming days.
(Commodities Control Bureau)
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