Pepper June delivery gained Rs 204 and settled at Rs 16951/quintal supported by decent spot demand and bullish cues from other spices. Spot pepper jumped 222 rupees to 16,300 rupees per 100 kg in Kochi, a major trading hub in Kerala. The contract touched the intraday high of Rs 17111/quintal while low of Rs 16740/quintal. Now support for the pepper is seen at 16757 and below could see a test of 16563. Resistance is now likely to be seen at 17128, a move above could see prices testing 17305.

Trading Ideas:

Trading Ideas:

Pepper trading range is 16563-17305.

Pepper gained supported by decent spot demand and bullish cues from other spices

Support for the pepper is seen at 16780 and resistance is at 17130.

NCDEX accredited warehouses pepper stocks gained by 90 tonnes to 3775 tonnes.

BUY PEPPER JUNE @ 16780-16825 SL 16680 TGT 16925-17040-17156.NCDEX

Spot pepper jumped 222 rupees to end at 16300 rupees per 100 kg