Pepper ended steady as gains from thin stocks and domestic demand was capped by profit-taking. Brazilian pepper, which continued to quote at a discount to Indian rates, also hurt prices. Pepper prices are expected to maintain its bullish trend because of improved domestic demand and lower output estimates for current year.

Spot pepper fell over a rupee to end at 15,429.15 rupees per 100 kg in Kochi. December delivery gained Rs 46 and settled at Rs 15815/quintal. The contract touched the intraday high of Rs 15940/quintal while low of Rs 15610/quintal. Now support for the pepper is seen at 15637 and below could see a test of 15458. Resistance is now likely to be seen at 15967, a move above could see prices testing 16118.

Trading Ideas:

PEPPER TRADING RANGE IS 15450-15200

PEPPER ENDED STEADY AS GAINS FROM THIN STOCKS AND DOMESTIC DEMAND CAPPED BY PROFIT-TAKING

BUY PEPPER DEC @ 15600-680 SL 15480 TGT 15745-15800-15888-15950.NCDEX

PEPPER IS GETTING SUPPORT AT 15720 BELOW THIS LOOKS TILL 15600-15450.

SPOT PEPPER FELL BY A RUPEE TO END AT 15429.15 RUPEES PER 100 KG

BRAZILIAN PEPPER CONTINUED TO QUOTE AT A DISCOUNT TO INDIAN RATES