Pepper ended steady as pressure from little or no export demand and expectations of arrivals was offset by low stocks. Domestic prices are expected to ease further from January, when the new crop arrivals start. Spot pepper rose by 3.75 rupees to end at 14,226 rupees per 100 kg in Kochi.

January delivery dropped Rs 4 and settled at Rs 14150/quintal. The contract touched the intraday high of Rs 14189/quintal while low of Rs 13965/quintal. Now support for the pepper is seen at
14013 and below could see a test of 13877. Resistance is now likely to be seen at 14238, a move above could see prices testing 14325.

Trading Ideas:

Pepper trading range is 13850-14500.

Pepper ended steady on pressure from little export demand

Pepper is now having support at 14020 and resistance at 14240.

Spot pepper rose by 3.75 rupees to end at 14,226 rupees per 100 kg

SELL PEPPER JAN BELOW 14090 SL 14190 TGT 14010-13965-13920. NCDEX