Pepper ended higher Saturday on short covering by traders at lower level after prices fell since the beginning of the week. Pepper exports have remained sluggish throughout the year which began in April 2008, mainly due to premium Indian prices.  Spot pepper rose by 55 rupees to end at 13446.90 rupees per 100 kg in Kochi. February delivery gained Rs 210 and settled at Rs 13410/quintal. The contract touched the intraday high of Rs 13419/quintal while low of Rs 13191/quintal. Now support for the pepper is seen at 13261 and below could see a test of 13112. Resistance is now likely to be seen at 13489, a move above could see prices testing 13568.

Trading Ideas:

Pepper trading range is 13100-13700.

Pepper ended higher Saturday on short covering by traders

Resistance for the pepper is at 13490 and support is at 13290.

Spot pepper rose by 55 rupees to end at 13446.90 rupees per 100 kg

Demat stock of pepper at NCDEX-monitored warehouses ended steady at 5245 tonnes

SELL PEPPER FEB @ 13500 SL 13580 TGT 13420-13360-13280.NCDEX