Pepper ended firm on low stocks and robust demand. Expectations of an increase in demand from the western countries and lower stock of pepper at 10,000 tonnes have fuelled the price of pepper in the local markets in the last two days. Spot pepper rose by over 464 rupees to end at 15,410.75 rupees per 100 kg in Kochi.

December delivery gained Rs 168 and settled at Rs 15860/quintal. The contract touched the intraday high of Rs 16071/quintal while low of Rs 15530/quintal. Now support for the pepper is seen at 15570 and below could see a test of 15279. Resistance is now likely to be seen at 16111, a move above could see prices testing 16361.

Trading Ideas: PEPPER TRADING RANGE IS 15300-16100

PEPPER ENDED FIRM ON LOW STOCKS AND ROBUST DEMAND

PEPPER SOME CORRECTION IS EXPECTED IN THE MARKET WILL WAIT TO TAKE POSITION.

PEPPER IS GETTING SUPPORT AT 15740 BELOW THIS LOOKS TILL 15600-15450.

SPOT PEPPER GAINED BY OVER 464 RUPEES TO END AT 15410.75 RUPEES PER 100 KG

SELLING NEAR TO 16000 IS EXPECTED FOR TGT 15550.