Commodity Online MUMBAI: Pepper futures continued to dip in today’s trade as the traders indulged in profit taking out of its recent gains. International prices remained volatile as Vietnam’s wait and watch policy compelled Indian traders to withdraw profits.
Start trading in currencies, most happening place to tradeNCDEX slumped nearly Rs 131 or 1.15 percent from the last close. NCDEX Pepper futures benchmark April 2009 contract right now trades at Rs 11,328, down 98 after hitting the low of Rs 11,430 per 100 kg. The open interest eased 2.04 percent to 3,697 lots, indicating profit taking.
Technically the contract has next support at Rs 11,250, Rs 11,200 and Rs 11,130 while the resistance is at Rs 11,520 and Rs 11,609 per 100 kg.
