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. In Kochi Spot pepper rose by 71 rupees to end at 14317.95 rupees per 100 kg. January delivery gained Rs 25 and settled at Rs 14255/quintal. The contract touched the intraday high of Rs 14345/quintal while low of Rs 14203/quintal. Now support for the pepper is seen at 14190 and below could see a test of 14126. Resistance is now likely to be seen at 14332, a move above could see prices testing 14410.

Trading Ideas:

Pepper trading range is 13900-14500.

Pepper ended up on Saturday as low stocks supported sentiment

Pepper is now having support at 14190 and resistance at 14330.

Spot pepper rose by 71 rupees to end at 14317.95 rupees per 100 kg

BUY PEPPER JAN @ 14000-14050 SL 13880 TGT 14120-14210-14340.NCDEX