Pepper July delivery dropped Rs 668 and settled at Rs 16050/quintal on sluggish domestic and export demand. Buyers are not active demand from retailers and overseas players is very low. Spot pepper dropped
111 rupees to end at 16,297 rupees per 100 kg in Kochi.

The contract touched the intraday high of Rs 16850/quintal while low of Rs 16050/quintal. Now support for the pepper is seen at 15783 and below could see a test of 15517. Resistance is now likely to be seen at
16583, a move above could see prices testing 17117. Trading Ideas: Pepper trading range is 15517-17117. Pepper dropped on sluggish domestic and export demand Support for the pepper is seen at 15920 and resistance is at 16180. NCDEX accredited warehouses pepper stocks rose 59 tonnes to 3799 tonnes.

BUY PEPPER JULY @16550-600 SL 16400 TGT 16680-16760-16880.NCDEX Spot pepper fell by 111 rupees and ended at 16297 rupees per 100 kg BUY PEPPER JULY ABV 16100 SL 16000 TGT
16180-16240-16320. NCDEX (SHORT COVERING)