BLACK PEPPER IS LIKELY TO BE VOLATILE
Date: 26/3/2012
Indian Black Pepper futures April delivery on NCDEX ended the last day down by R 730 or 1.73% at R 41465 after moving in the range of R 42700-41165 per quintal. The open interest slipped 2.50% to 5,855 tonnes while volume traded dipped to 4,360 tonnes from 5,983 tonnes. Technically, the April delivery is having strong support at R 41000-41180, R 40610 while resistance is at R 41800, R 42200 per quintal.
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