Pepper ended firm as thin stocks and firm overseas demand supported sentiment. India's MG I ASTA grade pepper was offered at $3,325 per tonne while Brazil was selling its ASTA grade at $2,900 per tonne, a rate much cheaper than the Indian origin. Spot pepper rose by over 159 rupees to end at 14,945.8 rupees per 100 kg in Kochi. December delivery gained Rs 601 and settled at Rs 15710/quintal.

The contract touched the intraday high of Rs 15714/quintal while low of Rs 15100/quintal. Now support for the pepper is seen at 15302 and below could see a test of 14894. Resistance is now likely to be seen at 15916, a move above could see prices testing 16122.

Trading Ideas:

PEPPER TRADING RANGE IS 15300-16100

PEPPER ENDED FIRM AS THIN STOCKS AND FIRM OVERSEAS DEMAND SUPPORTED SENTIMENT

SELL PEPPER DEC STRICKLY BELOW 15650 SL 15780 TGT 15580-15500-15435-15370. NCDEX

PEPPER IS GETTING SUPPORT AT 15580 BELOW THIS LOOKS TILL 15450-15300.

SPOT PEPPER GAINED BY OVER 159 RUPEES TO END AT 14945.80 RUPEES PER 100 KG

INDIA'S MG I ASTA GRADE PEPPER WAS OFFERED AT $3,325 PER TONNE