Pepper ended higher on buying interest 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 fell by 38 rupees to end at 13,096 rupees per 100 kg in Kochi. March delivery gained Rs 14 and settled at Rs 12800/quintal. The contract touched the intraday high of Rs 12879/quintal while low of Rs 12730/quintal. Now support for the pepper is seen at 12727 and below could see a test of 12654. Resistance is now likely to be seen at 12876, a move above could see prices testing 12952.

Trading Ideas:

Pepper trading range is 12654-12952.

Pepper ended steady on some profit-booking and less arrivals

Resistance for pepper is seen at 12860 and support is at 12700.

NCDEX accredited warehouses pepper stocks fell by 425 tonnes to 2712 tonnes.

BUY PEPPER MAR ABV 12850 SL 12760 TGT 12922-12980-13050.NCDEX

In spot pepper prices fell by over 76 rupees to 13134.35 rupees per 100 kg.