Pepper ended higher Saturday on fresh buying by traders as they are considering the prices are now at lower level after prices fell nearly 4 percent since the beginning of the week. Pepper exports have remained sluggish throughout the year which began in April 2008, mainly due to premium Indian prices.  Spot pepper rose by 12 rupees to end at 13941.25 rupees per 100 kg in Kochi. January delivery gained Rs 40 and settled at Rs 13761/quintal. The contract touched the intraday high of Rs 13879/quintal while low of Rs 13618/quintal. Now support for the pepper is seen at 13626 and below could see a test of 13492. Resistance is now likely to be seen at 13887, a move above could see prices testing 14014.

Trading Ideas:

Pepper trading range is 13500-14200.

Pepper ended higher Saturday on fresh buying by traders

Pepper exports have remained sluggish throughout the year

Spot pepper gained by 12 rupees to end at 13941.25 rupees per 100 kg

BUY PEPPER JAN ABV 13860 SL 13780 TGT 13922-13980-14056.NCDEX