MUMBAI, Dec 15 (Reuters) - India chana futures may open slightly higher on Monday on short-covering and a rise in demand in the spot market due to marriage season, analysts said.
The benchmark January contract NCHF9 on National Commodity and Derivatives Exchange (NCDEX) closed down 1.15 percent at 2,150 rupees per 100 kg in the previous session.
However, an expected rise in arrivals from the new crop and hopes of better output due to a rise in acreage may weigh on prices.
Acreage under chana rose by 9.75 percent to 7.32 million hectares on Dec. 11, compared to the same period a year ago, farm ministry data showed on Friday.
GUAR:
India guar futures may open higher on short-covering after shedding about 15 percent in last one month, analysts said.
January guar contract NGUF9 on the National Commodity and Derivatives Exchange ended up 0.13 percent at 1,492 rupees per 100 kg in the previous session.
Weak export demand, which is prompting traders to defer buying, may cap the losses.
Source : Reuters India