Pepper ended higher on low-level buying, but pressure from fresh arrivals and weak exports restricted the gains. Spot pepper gained by almost 48 rupees to end at 13,351.90 rupees per 100 kg in Kochi. Indian December pepper exports stood at 1,750 tonnes, down 32 percent on year, the Spices Board said. March Pepper gained Rs 42 and settled at Rs 13284/quintal. The contract touched the intraday high of Rs 13349/quintal while low of Rs 13222/quintal.

Now support for the pepper is seen at 13221 and below could see a test of 13158. Resistance is now likely to be seen at 13348, a move above could see prices testing 13412.

Trading Ideas:

Pepper trading range is 13158-13412.

Pepper ended higher on low-level buying, but pressure from fresh arrivals restricted the gains

Pepper is getting support at 13220 and resistance is at 13350.

Spot pepper gained by almost 48 rupees to end at 13,351.90 rupees per 100 kg

SELL PEPPER MAR @ 13350 SL 13422 TGT 13290-13240-13180.NCDEX