Pepper reversed gains and ended down as lack of overseas demand weighed on sentiment. Prices in the coming sessions, however, be supported by thin stocks and firm domestic demand. Spot pepper fell by over 178 rupees to end at 14,858.9 rupees per 100 kg in Kochi. December delivery dropped Rs 433 and settled at Rs 14450/quintal.

The contract touched the intraday high of Rs 15035/quintal while low of Rs 14290/quintal. Now support for the pepper is seen at 14148 and below could see a test of 13847. Resistance is now likely to be seen at 14893, a move above could see prices testing 15337.

Trading Ideas:

PEPPER TRADING RANGE IS 14100-14800

PEPPER REVERSED GAINS AND ENDED DOWN DUE TO LACK OF OVERSEAS DEMAND

BUY PEPPER DEC ABOVE 14580 SL 14490 TGT 14646-14720-14800. NCDEX

PEPPER IS GETTING SUPPORT AT 14320 AND RESIST IS AT 14580.

SPOT PEPPER FELL BY OVER 178 RUPEES TO END AT 14858.90 RUPEES PER 100 KG