Pepper ended weak as lack of export demand and a slow trickle of new season arrivals hurt sentiment. New arrivals have started coming in and total arrivals stood at 18 tonnes. Spot pepper fell by over 200 rupees to end at 13,979 rupees per 100 kg in Kochi. January delivery dropped Rs 36 and settled at Rs 13779/quintal.

The contract touched the intraday high of Rs 13894/quintal while low of Rs 13661/quintal. Now support for the pepper is seen at 13662 and below could see a test of 13545. Resistance is now likely to be seen at
13895, a move above could see prices testing 14011.

Trading Ideas:

PEPPER TRADING RANGE IS 13450-14050.

PEPPER ENDED WEAK DUE TO LACK OF EXPORT DEMAND AND SLOW NEW SEASON ARRIVALS

PEPPER IS GETTING SUPPORT AT 13660 AND RESIST IS AT 13890.

SPOT PEPPER FELL BY OVER 200 RUPEES TO END AT 13979 RUPEES PER 100 KG

BUY PEPPER JAN @ 13600-650 SL 13500 TGT 13722-13800-13956.NCDEX