Pepper ended steady as support from good domestic demand and firm spot prices was offset by profit-taking in the last hour of trade. Arrivals this season are less than expected and spot demand is good. Total arrivals at Kochi on Tuesday stood at 15 tonnes, while total off take stood at 15 tonnes. Spot pepper rose by over 102 rupees to end at 13,869.35 rupees per 100 kg in Kochi.  February delivery dropped Rs 42 and settled at Rs 13644/quintal. The contract touched the intraday high of Rs 13865/quintal while low of Rs 13585/quintal. Now support for the pepper is seen at 13531 and below could see a test of 13418. Resistance is now likely to be seen at 13811, a move above could see prices testing 13978.

Trading Ideas:

Pepper trading range is 13300-13900.

Pepper ended down as support from firm spot prices were offset by profit-taking

Arrivals this season are less than expected and spot demand is good

Spot pepper gained by over 102 rupees to end at 13,869.35 rupees per 100 kg

NCDEX accredited warehouses stock of pepper fell by 30 tonnes to 4948 tonnes.

SELL PEPPER FEB @ 13720 SL 13820 TGT 13645-13612-13570-13522.NCDEX