Pepper ended higher on the back of buying interest from the domestic players against the lower stocks. As per the latest updates, NCDEX accredited warehouse have nearly 4,383 tonnes of Pepper stocks as on 13th November 2009. Sharp gains were trimmed by lower export demand on lower Brazilian Pepper prices.

Spot pepper rose by over 72 rupees to end at 14,935.9 rupees per 100 kg in Kochi. December delivery gained Rs 58 and settled at Rs 15200/quintal. The contract touched the intraday high of Rs 15339/quintal while low of Rs 15149/quintal. Now support for the pepper is seen at 15120 and below could see a test of 15039. Resistance is now likely to be seen at 15310, a move above could see prices testing 15419.

Trading Ideas:

PEPPER TRADING RANGE IS 14900-15500.

PEPPER ENDED HIGHER ON THE BACK OF BUYING INTEREST FROM THE DOMESTIC MARKETS

BUY PEPPER DEC ABV @ 15250 SL 15090 TGT15322-15450-15570. NCDEX

PEPPER IS GETTING SUPPORT AT 15080 BELOW THIS LOOKS TILL 14960-14820.

SPOT PEPPER ROSE BY OVER 72 RUPEES TO END AT 14,935.9 RUPEES PER 100 KG

Commodity Analysis by Kedia Commodity, India's Premium Research House, Mumbai. Check out more commodity reviews at KediaCommodity. com