Pepper ended up as low stocks supported sentiment. Fundamentals remained weak on higher global output and low export demand. Domestic prices are also expected to ease further from January, when the new crop arrivals start. Spot pepper rose by over 177 rupees to end at 14404.40 rupees per 100 kg in Kochi.

January delivery gained Rs 35 and settled at Rs 14383/quintal. The contract touched the intraday high of Rs 14545/quintal while low of Rs 14225/quintal. Now support for the pepper is seen at
14224 and below could see a test of 14064. Resistance is now likely to be seen at 14544, a move above could see prices testing 14704.

Trading Ideas:

PEPPER TRADING RANGE IS 13950-14650.

PEPPER ENDED UP AS LOW STOCKS SUPPORTED BUT FUNDAMENTALS REMAINED WEAK

PEPPER IS GETTING SUPPORT AT 14240 AND RESIST IS AT 14560.

SPOT PEPPER ROSE BY OVER 177 RUPEES TO END AT 14404.40 RUPEES PER 100 KG

BUY PEPPER JAN ABV 14425 SL 14350 TGT 14480-14545-14620-14680. NCDEX