NCDEX Chana March-2012 delivery contract opened at Rs. 3392 per 100 kg today, a decline of Rs. 21 per 100 kg against previous close price. At present NCDEX Chana March 2012 contract is trading weak at Rs. 3362 per 100 kg, a decline of 1.49 per cent against previous settlement. The contract has so far traded in the range of Rs. 3354-3404 per 100 kg. As both open interest and prices are falling, it indicates long liquidation and suggest a possible trend reversal in near future. Volume has declined to 98040, lower by 710 against previous trading day. NCDEX Chana March-2012 Futures (10:17 AM IST) Last Traded Open High Low Previous Close Volume Open Interest 3362 3392 3404 3354 3413 98040 74360 Price Drivers: Bearish Factor : 1) lower demand 2) commencement of fresh crop in domestic markets nnbsp;
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