Pepper August delivery gained Rs 106 and settled at Rs 19039/quintal on export demand though profit-booking later in the session limited gains. Pepper prices had gained 6 percent in four sessions ending Friday. Spot prices in the key Kochi market rose by more than 275 rupees to be at 18596 rupees per 100 kg. The contract touched the intraday high of Rs 19170/quintal while low of Rs 18932/quintal. Now support for the pepper is seen at 18924 and below could see a test of 18809. Resistance is now likely to be seen at 19162, a move above could see prices testing 19285.

Trading Ideas:

Pepper trading range is 18714-19190.

Pepper ended positive on export demand though profit-booking limited gains.

Support for the pepper is seen at 18920 and resistance is at 19160.

NCDEX accredited warehouses pepper stocks rose by 47 tonnes to 4140 tonnes.

PEPPER CORRECTION IS DUE ON A BREAK BELOW 19000 TILL 18650 LEVEL.

In spot pepper prices rose by 275 rupees to be at 18,596 rupees per 100 kg