Pepper ended higher on robust domestic demand and slight improvement in the overseas enquiries. Demand is good across the globe. This is the main demand period in almost all the spices. Overseas enquires are also coming in from the origin-specific buyers. Spot pepper ended at 13,982.65 rupees per 100 kg in Kochi.  April delivery gained Rs 353 and settled at Rs 14502/quintal. The contract touched the intraday high of Rs 14502/quintal while low of Rs 14080/quintal. Now support for the pepper is seen at 14221 and below could see a test of 13939. Resistance is now likely to be seen at 14643, a move above could see prices testing 14783.

Trading Ideas:

Pepper trading range is 13939-14783.

Pepper ended higher on robust domestic and overseas demand

Resistance for pepper is seen at 14640 and support is at 14390.

NCDEX accredited warehouses pepper stocks fell by 10 tonnes to 2732 tonnes.

Spot pepper prices ended at 13,982.65 rupees per 100 kg in Kochi

BUY PEPPER APR @ 14550 SL 14470 TGT 14610-14670-14740.NCDEX