Pepper ended down as slack overseas demand outweighed limited carry-over stocks. Indian pepper (free-on-board) is at least 400 rupees higher (per 100 kg) priced than exports from Vietnam. Spot pepper rose by 20.65 rupees to end at 15,336.20 rupees per 100 kg in Kochi. April delivery dropped Rs 50 and settled at Rs 15661/quintal. The contract touched the intra day high of Rs 15890/quintal while low of Rs 15269/quintal. Now support for the pepper is seen at 15323 and below could see a test of 14986. Resistance is now likely to be seen at 15944, a move above could see prices testing 16228.

Trading Ideas:

Pepper trading range is 14986-16228.

Pepper ended down as slack overseas demand outweighed limited carry-over stocks

Resistance for pepper is seen at 15780 and support is at 15530.

Indian pepper is at least 400 rupees higher priced than exports from Vietnam

Spot pepper prices rose by 20.65 rupees to end at 15,336.20 rupees per 100 kg

BUY PEPPER APR ABV 15740 SL 15640 TGT 15790-15865-15940.NCDEX