Pepper June delivery gained Rs 415 and settled at Rs 17250 supported by bullish spot market where demand was good from local buyers and firm cues from other spices. Spot pepper gained by 127 rupees and settled at 16621 rupees per 100 kg The contract touched the intraday high of Rs 17326/quintal while low of Rs 16799/quintal. Now support for the pepper is seen at 16924 and below could see a test of 16598. Resistance is now likely to be seen at
17451, a move above could see prices testing 17652.

Trading Ideas:

Pepper trading range is 16598-17652.

Pepper gained supported by bullish spot market where demand was good

Support for the pepper is seen at 17160 and resistance is at 16370.

NCDEX accredited warehouses pepper stocks fell by 154 tonnes to 3630 tonnes.

BUY PEPPER JUNE @17000-17050 SL 16880 TGT 17165-17240-17380.NCDEX

Spot pepper rose by 127 rupees and ended at 16621 rupees per 100 kg