Pepper ended up over 2 percent as bargain buying supported prices. Bargain-buying was triggered after prices fell over 6 percent since the beginning of January as new arrivals, which began this month, weighed on sentiment. Spot pepper rose by over 172 rupees to end at 13,683.45 rupees per 100 kg in Kochi. February delivery gained Rs 294 and settled at Rs 13631/quintal. The contract touched the intraday high of Rs 13675/quintal while low of Rs 13375/quintal. Now support for the pepper is seen at 13446 and below could see a test of 13260. Resistance is now likely to be seen at 13746, a move above could see prices testing 13860.

Trading Ideas:

Pepper trading range is 13350-13850.

Pepper ended up over 2% as bargain buying supported prices

Resistance for the pepper is at 13745 and support is at 13520.

Spot pepper rose by over 172 rupees to end at 13,683.45 rupees per 100 kg

Prices rose after falling over 6% since the beginning of January

BUY PEPPER FEB @ 13500-560 SL 13420 TGT 13622-13670-13722.NCDEX