Pepper rebounded from the last session losses on Saturday lead by fresh buying at lower levels. Pepper slumped nearly five percent in the last two sessions on weak export and domestic demand. Spot pepper rose by over 55 rupees to end at 15129.45 rupees per 100 kg in Kochi. December delivery gained Rs 157 and settled at Rs 15400/quintal.

The contract touched the intraday high of Rs 15489/quintal while low of Rs 15216/quintal. Now support for the pepper is seen at 15248 and below could see a test of 15095. Resistance is now likely to be seen at 15521, a move above could see prices testing 15641.

Trading Ideas:

PEPPER TRADING RANGE IS 15100-15700

PEPPER REBOUNDED FROM THE LAST SESSION LOSSES LEAD BY FRESH BUYING

BUY PEPPER DEC ABV 15460 SL 15370 TGT 15522-15590-15645-15720. NCDEX

PEPPER IS GETTING SUPPORT AT 15280 AND RESIST IS AT 15530.

SPOT PEPPER ROSE BY OVER 55 RUPEES TO END AT 15129.45 RUPEES PER 100 KG

SOME CONSOLIDATION CAN BE SEEN THIS WEEK 15200-15800 LVL