April Pepper future prices traded down by reversing the previous trend and after making a low of 12905 it settled at 12920 levels.

Closing of the previous day candle renders sideways to lower price movements. The supports are at 12840 then 12700 levels.

Likewise, the resistances are at 13040 then 13200 levels. We recommend selling for the day.

NCDEX Pepper: Sell April at 12960 TP 12805 SL 13060

Courtesy: Karvy Commtrade Ltd.

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