Pepper ended over 3 percent lower as lack of export demand and expectations of arrivals in the next few days weighed on sentiment. Domestic prices are expected to ease further from January, when the new crop arrivals start. Spot pepper fell by over 197 rupees to end at 14,179.85 rupees per 100 kg in Kochi.

January delivery dropped Rs 526 and settled at Rs 13798/quintal. The contract touched the intraday high of Rs 14275/quintal while low of Rs 13768/quintal. Now support for the pepper is seen at
13619 and below could see a test of 13440. Resistance is now likely to be seen at 14126, a move above could see prices testing 14454.

Trading Ideas:

PEPPER TRADING RANGE IS 13400-14100.

PEPPER ENDED OVER 3 PERCENT LOWER AS LACK OF EXPORT DEMAND

PEPPER IS GETTING SUPPORT AT 13660 AND RESIST IS AT 13920.

SPOT PEPPER FELL BY OVER 197 RUPEES TO END AT 14179.85 RUPEES PER 100 KG

SELL PEPPER JAN @ 13850-880 SL 13960 TGT 13785-13720-13640-13590.NCDEX