Pepper ended higher on buying interest at low levels boosted by dwindling stocks. Indian pepper January 2010 exports stood at 1,500 tonnes, down 28.57 percent on year, the Spices Board said. Spot pepper gained 79 rupees to end at 13,048 rupees per 100 kg in Kochi. March delivery gained Rs 84 and settled at Rs 12712/quintal. The contract touched the intraday high of Rs 12751/quintal while low of Rs 12586/quintal. Now support for the pepper is seen at 12615 and below could see a test of 12518. Resistance is now likely to be seen at 12780, a move above could see prices testing 12848.

Trading Ideas:

Pepper trading range is 12518-12848.

Pepper ended higher on buying interest at low levels boosted by dwindling stocks.

Indian pepper January 2010 exports stood at 1,500 tonnes

Support for the pepper is at 12615 and resistance is at 12780.

BUY PEPPER MAR @ 12600-12650 SL 12520 TGT 12700-12770-12865.NCDEX

Spot pepper gained 79 rupees to end at 13,048 rupees per 100 kg