Pepper ended down as traders booked profits after prices climbed over 5 percent in the past two sessions. Strong spot prices and thin stocks are supporting the bullish trend for pepper. Spot pepper rose nearly 20 rupees to end at 15,430.4 rupees per 100 kg in Kochi. December delivery dropped Rs 151 and settled at Rs 15756/quintal.

The contract touched the intraday high of Rs 15975/quintal while low of Rs 15665/quintal. Now support for the pepper is seen at 15622 and below could see a test of 15489. Resistance is now likely to be seen at 15932, a move above could see prices testing 16109.

Trading Ideas:

PEPPER TRADING RANGE IS 15400-16050

PEPPER ENDED DOWN ON PROFIT BOOKING AFTER PRICES CLIMBED OVER 5%

SELL PEPPER DEC BELOW 15700 SL 15812 TGT 15590-15522-15450. NCDEX

PEPPER IS GETTING SUPPORT AT 15620 BELOW THIS LOOKS TILL 15480-15250.

SPOT PEPPER GAINED BY OVER 19 RUPEES TO END AT 15430.40 RUPEES PER 100 KG

AS PER EXPECTATION PEPPER DIP YESTERDAY LOOK TO BUY NEAR 15250 LEVEL.