Pepper pared losses but ended down after touching contract lows earlier in the session as arrivals and weak export demand continued to hurt sentiment. Spot pepper fell by over 417 rupees to end at 13,522.7 rupees per 100 kg in Kochi. January delivery dropped Rs 26 and settled at Rs 13279/quintal. The contract touched the intraday high of Rs 13331/quintal while low of Rs 13051/quintal. Now support for the pepper is seen at 13110 and below could see a test of 12940. Resistance is now likely to be seen at 13390, a move above could see prices testing 13500.

Trading Ideas:

Pepper trading range is 13000-13550.

Pepper pared losses but ended down due to weak export demand

Resistance for the pepper is at 13420 and support is at 13170.

Spot pepper fell by over 417 rupees to end at 13,522.7 rupees per 100 kg

BUY PEPPER JAN ABV 13330 SL 13240 TGT 13385-13425-13490.NCDEX