Pepper ended up as low stocks supported sentiment. Domestic demand for pepper supported prices despite the trend for the spice being weak. Fundamentals remained weak with little or no export demand and expectations of fresh arrivals starting in January hurting sentiment.

Spot pepper rose by 168 rupees to end at 14,262.25 rupees per 100 kg in Kochi. January delivery gained Rs 427 and settled at Rs 14372/quintal. The contract touched the intraday high of Rs
14410/quintal while low of Rs 13957/quintal. Now support for the pepper is seen at 14083 and below could see a test of 13793. Resistance is now likely to be seen at 14536, a move above could see prices testing 14699.

Trading Ideas:

PEPPER TRADING RANGE IS 14000-14650.

PEPPER YESTERDAY ENDED UP AS LOW STOCKS SUPPORTED SENTIMENT

PEPPER IS GETTING SUPPORT AT 14270 AND RESIST IS AT 14480.

SPOT PEPPER ROSE BY OVER 168 RUPEES TO END AT 14262.25 RUPEES PER 100 KG

BUY PEPPER JAN ABV 14400 SL 14280 TGT 14475-14522-14580-14625. NCDEX