Pepper ended weak On the back of weak offtakes in the domestic market and weak export demand. Increasing arrivals in the spot markets and anticipation of arrivals from Vietnam formed heavy long liquidations also weighed on pepper prices. March delivery dropped Rs 425 and settled at Rs 12614/quintal. The contract touched the intraday high of Rs 13044/quintal while low of Rs 12601/quintal. Now support for the pepper is seen at 12462 and below could see a test of 12310. Resistance is now likely to be seen at 12905, a move above could see prices testing 13196.

Trading Ideas:

Pepper trading range is 12310-13196.

Pepper drops to fresh low on weak demand and arrivals pressure

Support for the pepper is at 12500 and resistance is at 12740.

Spot pepper fell by over 188 rupees to end at 13,103.20 rupees per 100 kg

SELL PEPPER MAR ON JUMP @ 12800 SL 12965 TGT 12722-12648-12530.NCDEX