Pepper ended up yesterday as bargain buying underpinned prices. Prices are seen easing in the coming session as new arrivals are expected to weigh on sentiment. Spot pepper rose by over
130 rupees to end at 13,517.55 rupees per 100 kg in Kochi. February delivery gained Rs 266 and settled at Rs 13470/quintal.

The contract touched the intraday high of Rs 13489/quintal while low of Rs 13213/quintal. Now support for the pepper is seen at 13292 and below could see a test of 13115. Resistance is now likely to be seen at 13568, a move above could see prices testing 13667.

Trading Ideas:

Pepper trading range is 13150-13700.

Pepper ended up yesterday as bargain buying underpinned prices

Resistance for the pepper is at 13565 and support is at 13380.

Spot pepper rose by over 130 rupees to end at 13,517.55 rupees per 100 kg

Yesterday we have seen that open interest has fell by 44 lots to 8656.

BUY PEPPER FEB ABV 13500 SL 13420 TGT 13580-13640-13700. NCDEX