Pepper ended up as thin stocks supported sentiment. Fundamentals remained weak on lack of export demand and a higher global output estimates. Rising exports in the coming season from Vietnam, the world's largest producer and exporter, will also check on gains. Spot pepper fell by 65 rupees to end at 14,154.65 rupees per 100 kg in Kochi. January delivery gained Rs 268 and settled at Rs 14293/quintal.

The contract touched the intraday high of Rs 14360/quintal while low of Rs 13910/quintal. Now support for the pepper is seen at 14015 and below could see a test of 13738. Resistance is now likely to be seen at 14465, a move above could see prices testing 14638.

Trading Ideas:

PEPPER TRADING RANGE IS 13900-14600.

PEPPER ENDED UP AS THIN STOCKS SUPPORTED SENTIMENT

BUY PEPPER JAN @ 14000-14050 SL 13860 TGT 14120-14210-14340.NCDEX

PEPPER IS GETTING SUPPORT AT 14160 AND RESIST IS AT 14440.

SPOT PEPPER FELL BY 65 RUPEES TO END AT 14,154.65 RUPEES PER 100 KG