Pepper yesterday traded with the positive node and settled 0.18% up at 15239. Pepper yesterday traded in the range and still continuous to trade under pressure on sluggish overseas enquiries and weak domestic demand, overseas demand is not coming for Indian origin pepper. Prices may correct more in absence of demand, exports in February 2010 fell 3.22 percent to 1,500 tonnes on year. India's pepper output in 2010 is expected around last year's levels, but prices are unlikely to fall sharply in coming months due to low carry-over stocks. For today's session market is looking to take support at 15095, a break below could see a test of 14951 and where as resistance is now likely to be seen at 15363, a move above could see prices testing 15487.

Trading Ideas:

Pepper trading range is 14951-15487.

Pepper still continuous to trade under pressure on sluggish overseas enquiries

Support for the pepper is at 15120 and resistance is at 15360.

NCDEX accredited warehouses pepper stocks rose by 20 tonnes to 2543 tonnes.

SELL PEPPER MAY ON JUMP @ 15350-400 SL 15460 TGT 15280-220-160.NCDEX

Spot pepper prices dropped 109 rupees to end at 14938 rupees per 100 kg