Pepper ended down as lower rates quoted by Brazil hurt sentiment. However, thin stocks and firm domestic demand supported prices. Indian ASTA grade pepper was quoted at $3,300 while that of Brazil was quoted at $2,975-$3,000. Spot pepper rose by over 67 rupees to end at 14,980.35 rupees per 100 kg in Kochi. December delivery dropped Rs 79 and settled at Rs
15200/quintal. The contract touched the intraday high of Rs 15398/quintal while low of Rs 15153/quintal. Now support for the pepper is seen at 15103 and below could see a test of 15005. Resistance is now likely to be seen at 15348, a move above could see prices testing 15495. Trading Ideas:

PEPPER TRADING RANGE IS 14900-15500.

PEPPER ENDED DOWN AS LOWER RATES QUOTED BY BRAZIL HURT SENTIMENT

SELL PEPPER DEC @ 15200-250 SL 15370 TGT 15080-15000-14920.NCDEX

INDIAN ASTA GRADE PEPPER WAS QUOTED AT $3,300

SPOT PEPPER ROSE BY OVER 67 RUPEES TO END AT 14,980.35 RUPEES PER 100 KG